Host Hotels & Resorts (NASDAQ:HST) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Host Hotels & Resorts (NASDAQ:HST) from a hold rating to a sell rating in a report published on Friday morning.

A number of other analysts have also commented on the company. Robert W. Baird decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Truist Financial decreased their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Wells Fargo & Company decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.29.

Host Hotels & Resorts Trading Up 0.3 %

Shares of HST stock opened at $18.06 on Friday. Host Hotels & Resorts has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The stock has a market cap of $12.69 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.64 and a beta of 1.32. The business has a fifty day simple moving average of $17.66 and a 200-day simple moving average of $17.73. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. On average, analysts forecast that Host Hotels & Resorts will post 1.93 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.43%. Host Hotels & Resorts’s payout ratio is 77.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Landscape Capital Management L.L.C. acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at $482,000. Aurora Investment Counsel lifted its stake in Host Hotels & Resorts by 5.2% in the 3rd quarter. Aurora Investment Counsel now owns 101,313 shares of the company’s stock worth $1,783,000 after acquiring an additional 5,005 shares in the last quarter. Advisors Asset Management Inc. increased its position in Host Hotels & Resorts by 11.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock worth $326,000 after purchasing an additional 1,929 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Host Hotels & Resorts in the 3rd quarter worth about $336,000. Finally, Banque Cantonale Vaudoise increased its position in Host Hotels & Resorts by 193.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 47,437 shares of the company’s stock worth $835,000 after purchasing an additional 31,261 shares during the last quarter. 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.