StockNews.com Downgrades Host Hotels & Resorts (NASDAQ:HST) to Sell

StockNews.com lowered shares of Host Hotels & Resorts (NASDAQ:HST) from a hold rating to a sell rating in a research report report published on Thursday morning.

HST has been the subject of several other reports. Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Finally, Wells Fargo & Company lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Trading Down 0.3 %

Shares of NASDAQ:HST traded down $0.06 during mid-day trading on Thursday, hitting $17.40. The stock had a trading volume of 2,467,254 shares, compared to its average volume of 6,788,368. The company’s 50 day moving average is $17.71 and its 200-day moving average is $17.72. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90. The company has a market cap of $12.16 billion, a PE ratio of 16.89, a P/E/G ratio of 1.61 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Host Hotels & Resorts will post 1.96 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.60%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. BROOKFIELD Corp ON bought a new stake in Host Hotels & Resorts during the first quarter valued at about $25,000. Blue Trust Inc. boosted its stake in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares during the period. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Host Hotels & Resorts in the 2nd quarter worth approximately $51,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.