UBS Group Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective decreased by UBS Group from $20.00 to $19.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, JPMorgan Chase & Co. downgraded shares of 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, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $21.21.

Host Hotels & Resorts Stock Down 1.1 %

Shares of NASDAQ:HST traded down $0.20 during midday trading on Friday, reaching $17.26. The company’s stock had a trading volume of 12,826,627 shares, compared to its average volume of 6,835,031. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The firm has a market capitalization of $12.07 billion, a P/E ratio of 16.76, a PEG ratio of 1.61 and a beta of 1.32. The firm has a 50 day moving average of $17.72 and a 200-day moving average of $17.71. 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 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). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.41 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Host Hotels & Resorts will post 1.96 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.63%. Host Hotels & Resorts’s payout ratio is 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently made changes to their positions in HST. BROOKFIELD Corp ON purchased a new stake in shares of Host Hotels & Resorts in the first quarter worth $25,000. Blue Trust Inc. raised its position in Host Hotels & Resorts by 212.7% during the second 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 during the period. Global X Japan Co. Ltd. purchased a new stake in shares of Host Hotels & Resorts in the second quarter valued at $30,000. Farther Finance Advisors LLC grew its stake in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Host Hotels & Resorts in the second quarter worth approximately $51,000. 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.