Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been assigned a consensus rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $24.2656.

A number of analysts recently commented on the stock. Morgan Stanley lifted their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Argus set a $27.00 price target on shares of Host Hotels & Resorts in a report on Wednesday, June 17th. Barclays lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Citigroup boosted their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a research report on Friday, June 12th.

Host Hotels & Resorts Stock Down 0.4%

Shares of HST stock opened at $23.29 on Monday. The stock’s fifty day moving average price is $24.25 and its 200 day moving average price is $21.56. Host Hotels & Resorts has a 1-year low of $15.18 and a 1-year high of $25.71. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 7.91.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.31. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.59 billion. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%.The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.64 earnings per share. On average, research analysts expect that Host Hotels & Resorts will post 2.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total value of $358,087.00. Following the transaction, the executive vice president directly owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Waterloo Capital L.P. grew its holdings in shares of Host Hotels & Resorts by 543.6% in the 4th quarter. Waterloo Capital L.P. now owns 166,859 shares of the company’s stock worth $2,958,000 after acquiring an additional 140,932 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new position in Host Hotels & Resorts in the 4th quarter valued at about $23,632,000. Convergence Investment Partners LLC acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter worth about $843,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Host Hotels & Resorts by 41.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,169,471 shares of the company’s stock worth $38,465,000 after purchasing an additional 639,695 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Host Hotels & Resorts by 139.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 141,640 shares of the company’s stock worth $2,511,000 after purchasing an additional 82,420 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.