Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by research analysts at UBS Group from $21.00 to $20.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 7.12% from the company’s current price.

HST has been the topic of several other reports. Raymond James increased their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price objective on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Truist Financial boosted their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Barclays lifted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Finally, Jefferies Financial Group raised their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Host Hotels & Resorts Stock Up 0.4 %

Shares of NASDAQ:HST traded up $0.08 during midday trading on Friday, hitting $18.67. 795,979 shares of the stock were exchanged, compared to its average volume of 5,956,949. The business’s fifty day simple moving average is $20.31 and its two-hundred day simple moving average is $18.77. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. Host Hotels & Resorts has a 52-week low of $14.92 and a 52-week high of $21.31. The company has a market capitalization of $13.14 billion, a PE ratio of 17.93, a P/E/G ratio of 1.67 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, research analysts predict that Host Hotels & Resorts will post 1.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the sale, the chief executive officer now directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Host Hotels & Resorts

Several hedge funds have recently modified their holdings of HST. Vanguard Group Inc. lifted its position in Host Hotels & Resorts by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company’s stock valued at $2,260,281,000 after purchasing an additional 1,379,330 shares during the period. Wellington Management Group LLP lifted its holdings in Host Hotels & Resorts by 15.4% in the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after buying an additional 6,719,578 shares during the period. State Street Corp boosted its stake in Host Hotels & Resorts by 7.1% in the first quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the last quarter. Norges Bank bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $615,558,000. Finally, JPMorgan Chase & Co. grew its holdings in Host Hotels & Resorts by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock worth $358,576,000 after acquiring an additional 310,079 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.