Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $19.00 by Analysts at Robert W. Baird

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by Robert W. Baird from $21.00 to $19.00 in a report released on Monday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Several other analysts also recently issued reports on the company. Wedbush reissued 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 lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating on the stock in a report on Friday, April 19th. Truist Financial cut their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating for the company in a research note on Thursday, May 30th. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a neutral rating to an underweight rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, Compass Point lowered Host Hotels & Resorts from a buy rating to a neutral rating and cut their price objective for the company from $25.00 to $18.00 in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of Hold and a consensus price target of $21.19.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $16.23 on Monday. The business’s 50-day simple moving average is $17.71 and its two-hundred day simple moving average is $18.97. Host Hotels & Resorts has a 52 week low of $14.92 and a 52 week high of $21.31. The stock has a market cap of $11.44 billion, a PE ratio of 15.91, a P/E/G ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Insider Activity

In related news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in Host Hotels & Resorts in the fourth quarter worth approximately $615,558,000. PGGM Investments purchased a new stake in Host Hotels & Resorts in the fourth quarter worth about $57,664,000. SG Americas Securities LLC raised its holdings in shares of Host Hotels & Resorts by 3,870.5% in the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after purchasing an additional 2,165,260 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $38,873,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after purchasing an additional 1,866,661 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other 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.