Host Hotels & Resorts (NASDAQ:HST) Stock Rating Lowered by Compass Point

Compass Point cut shares of Host Hotels & Resorts (NASDAQ:HST) from a buy rating to a neutral rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has $18.00 price objective on the stock, down from their prior price objective of $25.00.

HST has been the subject of a number of other research reports. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a neutral rating to an underweight rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating on the stock in a report on Thursday, May 30th. Wedbush reiterated an outperform rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. UBS Group dropped their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating on the stock in a research note on Friday, April 19th. Finally, Barclays reduced their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating for the company in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of Moderate Buy and an average target price of $21.33.

Host Hotels & Resorts Stock Down 3.3 %

Host Hotels & Resorts stock opened at $16.20 on Thursday. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.50 and a beta of 1.33. The company has a current ratio of 4.55, a quick ratio of 6.66 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts has a 12 month low of $14.92 and a 12 month high of $21.31. The stock has a fifty day simple moving average of $17.87 and a two-hundred day simple moving average of $19.06.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Insiders Place Their Bets

In related news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.30% of the company’s stock.

Institutional Trading of Host Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in HST. Norges Bank bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $615,558,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock valued at $190,807,000 after purchasing an additional 164,334 shares during the last quarter. Centersquare Investment Management LLC grew its position in shares of Host Hotels & Resorts by 2.3% during the fourth quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after purchasing an additional 190,606 shares in the last quarter. LSV Asset Management increased its holdings in shares of Host Hotels & Resorts by 10.2% in the first quarter. LSV Asset Management now owns 8,223,900 shares of the company’s stock worth $170,070,000 after purchasing an additional 764,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in shares of Host Hotels & Resorts by 0.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock worth $158,849,000 after buying an additional 25,953 shares in the last quarter. 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.