Truist Financial Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price target lowered by Truist Financial from $23.00 to $20.00 in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a neutral rating to an underweight rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an outperform rating on the stock in a research note on Tuesday, August 13th. Wedbush reissued an outperform rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating on the stock in a research report on Thursday, August 1st. Finally, Oppenheimer reduced their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an outperform rating on the stock in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of Moderate Buy and an average target price of $21.31.

Host Hotels & Resorts Stock Performance

HST opened at $16.73 on Wednesday. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The business has a 50 day simple moving average of $17.24 and a two-hundred day simple moving average of $18.57. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed 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. This represents a $0.80 annualized dividend 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 78.43%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BROOKFIELD Corp ON bought a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $25,000. Riverview Trust Co purchased a new position in shares of Host Hotels & Resorts in the first quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Host Hotels & Resorts during the second quarter valued at $30,000. Finally, Mather Group LLC. bought a new stake in Host Hotels & Resorts in the 1st quarter worth about $35,000. 98.52% of the stock is 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.