Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $21.00 by Analysts at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST) had its price objective cut by Stifel Nicolaus from $22.00 to $21.00 in a report released on Thursday, Benzinga reports. They currently have a buy rating on the stock.

HST has been the subject of a number of other research reports. UBS Group lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a neutral rating to an underweight rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating on the stock in a research note on Thursday, May 30th. Wedbush reiterated an outperform rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Finally, Barclays decreased their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating on the stock in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of Hold and an average price target of $21.19.

Host Hotels & Resorts Stock Performance

HST stock traded down $0.18 on Thursday, reaching $16.02. 5,656,569 shares of the company were exchanged, compared to its average volume of 6,302,062. Host Hotels & Resorts has a 12 month low of $14.92 and a 12 month high of $21.31. The stock’s fifty day moving average price is $17.87 and its 200 day moving average price is $19.06. The firm has a market capitalization of $11.29 billion, a PE ratio of 15.88, a PEG ratio of 1.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 6.66.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Insider Activity

In other news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $615,558,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Host Hotels & Resorts by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock valued at $190,807,000 after purchasing an additional 164,334 shares in the last quarter. Centersquare Investment Management LLC boosted its position in Host Hotels & Resorts by 2.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after buying an additional 190,606 shares during the period. LSV Asset Management boosted its position in Host Hotels & Resorts by 10.2% during the 1st quarter. LSV Asset Management now owns 8,223,900 shares of the company’s stock valued at $170,070,000 after buying an additional 764,500 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Host Hotels & Resorts by 0.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock valued at $158,849,000 after buying an additional 25,953 shares during the period. 98.52% of the stock is currently 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.