Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.31.

A number of equities analysts recently weighed in on HST shares. Robert W. Baird reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Barclays reduced their target price on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $16.73 on Monday. Host Hotels & Resorts has a 12-month low of $14.92 and a 12-month high of $21.31. The firm has a market capitalization of $11.75 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $17.24 and a 200-day moving average of $18.56.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.78%. Host Hotels & Resorts’s payout ratio is 78.43%.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at about $1,214,000. Victory Capital Management Inc. raised its holdings in Host Hotels & Resorts by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock valued at $33,297,000 after acquiring an additional 120,555 shares during the period. Bessemer Group Inc. raised 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 valued at $1,331,000 after acquiring an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Host Hotels & Resorts by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock valued at $39,037,000 after acquiring an additional 84,687 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in Host Hotels & Resorts by 9.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after acquiring an additional 55,654 shares during the period. 98.52% of the stock is 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.