Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Price Target at $18.90

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been assigned a consensus rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $18.90.

HST has been the topic of several research analyst reports. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $18.00 in a report on Monday, March 10th. Morgan Stanley cut their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Raymond James cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Evercore ISI cut their price target on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday, April 28th.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $15.50 on Friday. Host Hotels & Resorts has a 52 week low of $12.22 and a 52 week high of $19.37. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $10.75 billion, a P/E ratio of 15.66 and a beta of 1.29. The stock’s fifty day moving average is $14.34 and its two-hundred day moving average is $16.34.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Equities analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.16%. Host Hotels & Resorts’s dividend payout ratio is presently 83.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HST. National Pension Service purchased a new position in Host Hotels & Resorts during the 4th quarter worth approximately $26,000. NBC Securities Inc. grew its stake in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after buying an additional 1,852 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares during the last quarter. Versant Capital Management Inc grew its stake in Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $33,000 after buying an additional 2,047 shares during the last quarter. Finally, AlphaQuest LLC purchased a new position in Host Hotels & Resorts during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.