Host Hotels & Resorts (NASDAQ:HST) Hits New 12-Month High – Time to Buy?

Host Hotels & Resorts, Inc. (NASDAQ:HST)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $18.74 and last traded at $18.6440, with a volume of 1470 shares. The stock had previously closed at $18.57.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HST. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Friday, November 7th. UBS Group raised their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Evercore ISI lowered Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price for the company. in a research report on Tuesday, November 11th. Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Cantor Fitzgerald assumed coverage on shares of Host Hotels & Resorts in a research note on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.54.

Host Hotels & Resorts Stock Up 0.5%

The firm has a fifty day simple moving average of $17.13 and a 200-day simple moving average of $16.65. The company has a market capitalization of $12.83 billion, a P/E ratio of 17.76 and a beta of 1.18. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.Host Hotels & Resorts’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.15 dividend. This represents a yield of 82.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Host Hotels & Resorts’s payout ratio is currently 76.19%.

Insider Transactions at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 11,954 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $18.15, for a total value of $216,965.10. Following the sale, the executive vice president directly owned 668,927 shares in the company, valued at $12,141,025.05. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Host Hotels & Resorts

Institutional investors have recently made changes to their positions in the business. Armstrong Advisory Group Inc. increased its stake in Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock valued at $26,000 after buying an additional 1,516 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $29,000. Clearstead Advisors LLC increased its position in shares of Host Hotels & Resorts by 79.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after purchasing an additional 786 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Host Hotels & Resorts by 50.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after purchasing an additional 691 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $32,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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.