Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective trimmed by UBS Group from $21.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also issued reports on HST. Oppenheimer increased their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, January 5th. Bank of America upgraded Host Hotels & Resorts from an underperform rating to a buy rating and increased their price objective for the stock from $18.00 to $23.00 in a research note on Monday, January 8th. Raymond James increased their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an outperform rating in a research note on Friday, March 15th. Barclays increased their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an overweight rating in a research note on Friday, March 15th. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a hold rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $21.33.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $19.00 on Friday. The business has a fifty day simple moving average of $20.27 and a 200 day simple moving average of $18.86. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.67 and a beta of 1.31. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 earnings per share. Sell-side analysts expect that Host Hotels & Resorts will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.21%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Insider Activity at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY bought a new position in Host Hotels & Resorts during the fourth quarter worth about $38,873,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Host Hotels & Resorts by 18.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock worth $324,000 after buying an additional 3,182 shares during the last quarter. M&T Bank Corp boosted its holdings in Host Hotels & Resorts by 3.8% during the third quarter. M&T Bank Corp now owns 97,148 shares of the company’s stock worth $1,561,000 after buying an additional 3,601 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Host Hotels & Resorts by 3.0% during the third quarter. California Public Employees Retirement System now owns 1,460,992 shares of the company’s stock worth $23,478,000 after buying an additional 42,446 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new position in Host Hotels & Resorts during the fourth quarter worth about $587,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.