Host Hotels and Resorts (NYSE:HST) Downgraded by ValuEngine

ValuEngine cut shares of Host Hotels and Resorts (NYSE:HST) from a hold rating to a sell rating in a research note published on Tuesday morning, ValuEngine reports.

A number of other research analysts have also recently commented on the company. BTIG Research lowered their price target on Host Hotels and Resorts from $24.00 to $20.50 and set a buy rating on the stock in a report on Thursday, June 27th. They noted that the move was a valuation call. Wolfe Research cut Host Hotels and Resorts from a market perform rating to an underperform rating and set a $19.16 price target on the stock. in a report on Tuesday, March 12th. Zacks Investment Research cut Granite Point Mortgage Trust from a buy rating to a hold rating in a report on Tuesday, March 19th. Barclays reissued a buy rating on shares of NXP Semiconductors in a report on Sunday, May 5th. Finally, Morgan Stanley set a $226.00 price target on S&P Global and gave the stock a hold rating in a report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $20.92.

HST stock opened at $18.16 on Tuesday. Host Hotels and Resorts has a twelve month low of $15.94 and a twelve month high of $22.06. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51. The stock has a market cap of $13.59 billion, a PE ratio of 10.26, a P/E/G ratio of 2.02 and a beta of 1.13. The company’s 50-day moving average is $18.38.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the firm earned $0.43 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Host Hotels and Resorts will post 1.81 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Thursday, June 27th. Host Hotels and Resorts’s payout ratio is 45.20%.

In other news, VP Nathan S. Tyrrell sold 1,685 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.73, for a total transaction of $33,245.05. Following the transaction, the vice president now owns 162,713 shares of the company’s stock, valued at approximately $3,210,327.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Walter C. Rakowich sold 2,895 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the transaction, the director now directly owns 44,982 shares in the company, valued at approximately $862,304.94. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HST. Liberty Wealth Management LLC bought a new position in shares of Host Hotels and Resorts during the 1st quarter valued at approximately $34,000. Bessemer Group Inc. grew its position in Host Hotels and Resorts by 99.6% in the 4th quarter. Bessemer Group Inc. now owns 3,086 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,540 shares during the last quarter. Penserra Capital Management LLC bought a new position in Host Hotels and Resorts in the 1st quarter valued at $54,000. Private Capital Group LLC grew its position in Host Hotels and Resorts by 46.4% in the 1st quarter. Private Capital Group LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 1,055 shares during the last quarter. Finally, Investors Research Corp bought a new position in Host Hotels and Resorts in the 1st quarter valued at $77,000. 97.08% of the stock is currently owned by hedge funds and other institutional investors.

About Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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