Citigroup Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its target price trimmed by Citigroup from $21.00 to $19.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently commented on HST. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group reduced their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $20.12.

Host Hotels & Resorts Price Performance

HST opened at $15.12 on Monday. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 52-week low of $14.47 and a 52-week high of $21.27. The company has a 50 day moving average of $16.41 and a two-hundred day moving average of $17.34. The company has a market cap of $10.57 billion, a P/E ratio of 15.27 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.29%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Institutional Trading of Host Hotels & Resorts

A number of large investors have recently modified their holdings of the company. Freedom Investment Management Inc. increased its holdings in shares of Host Hotels & Resorts by 2.9% in the 4th quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock worth $389,000 after acquiring an additional 622 shares during the period. Savant Capital LLC increased its holdings in shares of Host Hotels & Resorts by 2.7% in the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after acquiring an additional 634 shares during the period. Evergreen Wealth Solutions LLC increased its holdings in shares of Host Hotels & Resorts by 5.3% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock worth $227,000 after acquiring an additional 651 shares during the period. Ascent Group LLC increased its holdings in shares of Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock worth $290,000 after acquiring an additional 703 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after acquiring an additional 746 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & Resorts

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.