Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Target Price at $21.19

Host Hotels & Resorts, Inc. (NASDAQ:HST) has earned an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $21.13.

Several analysts recently commented on HST shares. Robert W. Baird cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Oppenheimer cut 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 report on Monday. 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 note on Thursday, May 30th. Truist Financial decreased 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 research note on Thursday, May 30th. Finally, Stifel Nicolaus dropped their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st.

Host Hotels & Resorts Price Performance

HST opened at $16.05 on Thursday. The company’s 50-day simple moving average is $17.64 and its two-hundred day simple moving average is $18.91. The company has a debt-to-equity ratio of 0.64, a quick ratio of 6.66 and a current ratio of 4.55. The stock has a market capitalization of $11.32 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts has a 52-week low of $14.92 and a 52-week high of $21.31.

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 $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date 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 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 transaction of $72,621.44. Following the sale, the director now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON bought a new position in Host Hotels & Resorts during the first quarter valued at $25,000. Blue Trust Inc. increased its stake in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after buying an additional 1,002 shares during the period. Riverview Trust Co bought a new stake in Host Hotels & Resorts during the 1st quarter valued at about $27,000. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the 2nd quarter valued at about $30,000. Finally, Mather Group LLC. purchased a new stake in Host Hotels & Resorts in the 1st quarter valued at about $35,000. 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.