Host Hotels and Resorts (HST) Lifted to Outperform at Raymond James Financial

Raymond James Financial upgraded shares of Host Hotels and Resorts (NYSE:HST) from a market perform rating to an outperform rating in a report released on Monday morning, MarketBeat reports. The firm currently has $22.00 price target on the real estate investment trust’s stock.

HST has been the subject of a number of other reports. Wolfe Research began coverage on shares of Host Hotels and Resorts in a research note on Wednesday, November 29th. They set a market perform rating for the company. Stifel Nicolaus restated a buy rating and set a $20.50 price objective on shares of Host Hotels and Resorts in a research note on Friday, November 3rd. Zacks Investment Research downgraded shares of Host Hotels and Resorts from a hold rating to a sell rating in a research note on Tuesday, October 31st. Boenning Scattergood reiterated a buy rating and issued a $20.00 target price on shares of Host Hotels and Resorts in a research note on Friday, November 3rd. Finally, Wells Fargo & Co upgraded shares of Host Hotels and Resorts from a market perform rating to an outperform rating and set a $21.00 target price for the company in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $20.35.

Host Hotels and Resorts (NYSE HST) traded up $0.05 during trading on Monday, hitting $20.44. 8,968,541 shares of the stock were exchanged, compared to its average volume of 6,036,283. Host Hotels and Resorts has a one year low of $17.26 and a one year high of $20.65. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62. The firm has a market cap of $15,090.00, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was down 3.2% on a year-over-year basis. analysts expect that Host Hotels and Resorts will post 1.66 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 annualized dividend and a yield of 3.91%. Host Hotels and Resorts’s dividend payout ratio is currently 98.77%.

In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 60,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $20.45, for a total value of $1,227,000.00. Following the transaction, the executive vice president now directly owns 168,905 shares of the company’s stock, valued at approximately $3,454,107.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Parametric Portfolio Associates LLC raised its holdings in Host Hotels and Resorts by 3.3% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,767,609 shares of the real estate investment trust’s stock valued at $51,173,000 after acquiring an additional 87,768 shares during the period. AXA raised its holdings in Host Hotels and Resorts by 63.9% in the 3rd quarter. AXA now owns 1,736,546 shares of the real estate investment trust’s stock valued at $32,109,000 after acquiring an additional 677,195 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Host Hotels and Resorts by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,537,174 shares of the real estate investment trust’s stock valued at $28,422,000 after acquiring an additional 6,018 shares during the period. Hahn Capital Management LLC raised its holdings in Host Hotels and Resorts by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 1,163,565 shares of the real estate investment trust’s stock valued at $21,514,000 after acquiring an additional 11,084 shares during the period. Finally, Piedmont Investment Advisors LLC raised its holdings in Host Hotels and Resorts by 1.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 363,893 shares of the real estate investment trust’s stock valued at $6,728,000 after acquiring an additional 6,831 shares during the period.

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Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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