Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Has Consensus Price Target of $24.52 According to Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.52.

HST has been the topic of a number of research reports. Truist Financial upped their price objective on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. lifted their target price on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Argus set a $27.00 target price on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Stifel Nicolaus set a $26.25 price target on shares of Host Hotels & Resorts in a research note on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th.

Insider Activity

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the transaction, the executive vice president owned 618,207 shares in the company, valued at $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $2,096,191,000. Norges Bank acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $628,014,000. Geode Capital Management LLC raised its stake in Host Hotels & Resorts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock worth $402,056,000 after buying an additional 493,177 shares during the last quarter. Deutsche Bank AG bought a new position in Host Hotels & Resorts during the second quarter worth $296,560,000. Finally, Bank of America Corp DE acquired a new position in Host Hotels & Resorts in the second quarter valued at $295,807,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 1.1%

Shares of NASDAQ:HST opened at $22.66 on Tuesday. Host Hotels & Resorts has a 12-month low of $15.61 and a 12-month high of $25.71. The stock has a market cap of $15.52 billion, a PE ratio of 15.11, a P/E/G ratio of 2.53 and a beta of 1.07. The business has a 50 day moving average of $23.03 and a 200-day moving average of $22.34. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%.The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. As a group, equities research analysts forecast that Host Hotels & Resorts will post 2.17 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.5%. Host Hotels & Resorts’s payout ratio is currently 53.33%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates lodging real estate. The company focuses on hotels in the luxury and upper-upscale segments, with properties generally located in high-demand urban, resort and convention markets.

Host Hotels & Resorts’ portfolio includes hotels operated under well-known hospitality brands, including Marriott, Hyatt and Hilton, among others. The company typically owns the real estate while hotel operations are conducted by third-party or affiliated management companies.