Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $20.50 at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST) had its target price reduced by stock analysts at Stifel Nicolaus from $21.00 to $20.50 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 14.53% from the company’s previous close.

HST has been the subject of several other research reports. Robert W. Baird dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Truist Financial dropped their price objective 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. Oppenheimer dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $21.18.

Host Hotels & Resorts Trading Up 0.1 %

Host Hotels & Resorts stock traded up $0.01 during trading hours on Friday, hitting $17.90. The company had a trading volume of 416,515 shares, compared to its average volume of 6,778,058. The company has a 50-day moving average price of $17.77 and a two-hundred day moving average price of $17.68. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31. The firm has a market cap of $12.51 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business earned $0.41 earnings per share. On average, sell-side analysts anticipate that Host Hotels & Resorts will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its holdings in Host Hotels & Resorts by 645.5% in the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Host Hotels & Resorts by 854.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock worth $5,750,000 after purchasing an additional 286,281 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after buying an additional 866,530 shares during the last quarter. Swedbank AB purchased a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $15,509,000. Finally, PGGM Investments boosted its stake in Host Hotels & Resorts by 2.0% during the second quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock worth $55,981,000 after buying an additional 59,772 shares during the period. 98.52% of the stock is currently owned by institutional investors.

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.