Analysts Set Host Hotels & Resorts, Inc. (NASDAQ:HST) PT at $21.36

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been given an average rating of “Moderate Buy” by the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.57.

A number of equities research analysts have commented on the company. Truist Financial reduced their price target on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. UBS Group reduced their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Friday. Finally, Wedbush reiterated an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research report on Thursday, May 30th.

Host Hotels & Resorts Trading Down 0.7 %

Shares of HST stock opened at $17.86 on Friday. The firm has a market capitalization of $12.59 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.56 and a beta of 1.33. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $18.08 and its 200 day simple moving average is $19.23.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Insider Buying and Selling

In other news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the sale, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.30% of the stock is owned by company insiders.

Institutional Trading of Host Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Czech National Bank raised its stake in shares of Host Hotels & Resorts by 0.5% in the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after purchasing an additional 569 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Host Hotels & Resorts by 3.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after acquiring an additional 579 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Host Hotels & Resorts by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after acquiring an additional 584 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of Host Hotels & Resorts by 0.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock valued at $1,613,000 after acquiring an additional 610 shares during the last quarter. Finally, Eagle Strategies LLC increased its position in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after acquiring an additional 617 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

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.