Host Hotels & Resorts (NASDAQ:HST) Upgraded by Compass Point to “Buy”

Host Hotels & Resorts (NASDAQ:HST) was upgraded by investment analysts at Compass Point from a “neutral” rating to a “buy” rating in a report issued on Thursday, FinViz reports. The firm presently has a $22.00 price objective on the stock, up from their previous price objective of $18.00. Compass Point’s price objective indicates a potential upside of 22.29% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI dropped their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Oppenheimer reduced their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.99 on Thursday. The stock’s 50-day simple moving average is $17.36 and its two-hundred day simple moving average is $18.00. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31. The firm has a market capitalization of $12.68 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts during the 1st quarter valued at $25,000. Blue Trust Inc. boosted its stake in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares in the last quarter. Riverview Trust Co purchased a new position in shares of Host Hotels & Resorts during the first quarter valued at about $27,000. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts in the second quarter worth about $30,000. Finally, Mather Group LLC. purchased a new stake in Host Hotels & Resorts in the first quarter worth about $35,000. Institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

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.