Host Hotels and Resorts Inc (HST) Receives $21.86 Consensus PT from Analysts

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Host Hotels and Resorts Inc (NYSE:HST) has received a consensus rating of “Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.85.

Several analysts have recently commented on the stock. Wells Fargo & Co set a $22.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Tuesday, November 13th. Zacks Investment Research reaffirmed a “hold” rating on shares of Host Hotels and Resorts in a report on Tuesday, November 13th. Finally, Deutsche Bank set a $23.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Saturday, November 3rd.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgewater Associates LP purchased a new stake in Host Hotels and Resorts during the second quarter worth $1,180,000. Worldquant Millennium Quantitative Strategies LLC purchased a new stake in Host Hotels and Resorts during the second quarter worth $2,011,000. WINTON GROUP Ltd boosted its holdings in Host Hotels and Resorts by 2,079.6% during the second quarter. WINTON GROUP Ltd now owns 538,010 shares of the real estate investment trust’s stock worth $11,336,000 after buying an additional 513,326 shares in the last quarter. Scopus Asset Management L.P. purchased a new stake in Host Hotels and Resorts during the second quarter worth $6,848,000. Finally, CIBC Asset Management Inc boosted its holdings in Host Hotels and Resorts by 3.6% during the second quarter. CIBC Asset Management Inc now owns 70,668 shares of the real estate investment trust’s stock worth $1,489,000 after buying an additional 2,450 shares in the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HST stock traded down $0.46 during trading hours on Monday, hitting $18.39. The company’s stock had a trading volume of 6,344,341 shares, compared to its average volume of 4,917,561. The company has a market capitalization of $13.99 billion, a P/E ratio of 10.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.32 and a quick ratio of 5.32. Host Hotels and Resorts has a 12-month low of $17.93 and a 12-month high of $22.47.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, sell-side analysts forecast that Host Hotels and Resorts will post 1.76 earnings per share for the current year.

Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

Read More: What is an Initial Public Offering (IPO)?

Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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