Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) PT at $21.50

Host Hotels & Resorts, Inc. (NASDAQ:HST) has received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $21.31.

HST has been the subject of several research analyst reports. Oppenheimer lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Evercore ISI decreased their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Institutional Investors Weigh In On Host Hotels & Resorts

Large investors have recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON bought a new stake in Host Hotels & Resorts in the 1st quarter worth approximately $25,000. Riverview Trust Co bought a new stake in Host Hotels & Resorts in the 1st quarter worth approximately $27,000. Blue Trust Inc. grew its position 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 purchasing an additional 1,002 shares during the period. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts in the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. bought a new stake in Host Hotels & Resorts in the 1st quarter worth approximately $35,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $16.73 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31. The company has a 50-day simple moving average of $17.24 and a two-hundred day simple moving average of $18.58. The firm has a market capitalization of $11.80 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

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.