Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $20.50 at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST) had its price objective decreased by Stifel Nicolaus from $21.00 to $20.50 in a research note released on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Oppenheimer lowered their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. UBS Group decreased their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, Evercore ISI decreased 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.18.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $18.25 on Friday. The stock has a market capitalization of $12.76 billion, a PE ratio of 17.72, a P/E/G ratio of 1.62 and a beta of 1.32. The business has a 50 day simple moving average of $17.79 and a two-hundred day simple moving average of $17.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts has a 1-year low of $15.71 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for 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 business’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, research analysts predict that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.38%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its stake in Host Hotels & Resorts by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after buying an additional 584 shares during the last quarter. Freedom Investment Management Inc. lifted its position in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after acquiring an additional 625 shares during the period. D Orazio & Associates Inc. lifted its position in Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after acquiring an additional 648 shares during the period. Verdence Capital Advisors LLC lifted its position in Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after acquiring an additional 784 shares during the period. Finally, Quadrature Capital Ltd lifted its position in Host Hotels & Resorts by 3.0% during the 1st quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock worth $568,000 after acquiring an additional 790 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.