Oppenheimer Trims Host Hotels & Resorts (NASDAQ:HST) Target Price to $22.00

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by Oppenheimer from $24.00 to $22.00 in a research note issued to investors on Monday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts have also commented on HST. Barclays decreased their target price on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a neutral rating to an underweight rating and decreased their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Compass Point lowered shares of Host Hotels & Resorts from a buy rating to a neutral rating and decreased their price target for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a neutral rating on the stock in a report on Monday, August 5th. Finally, Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating on the stock in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of $21.12.

Host Hotels & Resorts Price Performance

HST stock opened at $16.16 on Monday. 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 has a 12 month low of $14.92 and a 12 month high of $21.31. The firm has a market cap of $11.39 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.50 and a beta of 1.33. The company’s 50-day moving average price is $17.56 and its two-hundred day moving average price is $18.86.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 4.95%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. BROOKFIELD Corp ON acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $25,000. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 1,002 shares during the period. Riverview Trust Co acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & Resorts

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.