Truist Financial Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $17.00

Host Hotels & Resorts (NASDAQ:HST) had its price target dropped by investment analysts at Truist Financial from $20.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 13.64% from the company’s current price.

A number of other equities analysts also recently weighed in on HST. Stifel Nicolaus dropped their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Raymond James dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Citigroup dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Friday. Finally, UBS Group dropped their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Trading Down 1.1 %

Shares of NASDAQ HST opened at $14.96 on Friday. Host Hotels & Resorts has a 1-year low of $14.47 and a 1-year high of $21.27. The company has a market cap of $10.46 billion, a PE ratio of 15.11 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $16.37 and a two-hundred day moving average of $17.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Freedom Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 2.9% in the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock valued at $389,000 after buying an additional 622 shares during the period. Savant Capital LLC boosted its holdings in Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after purchasing an additional 634 shares during the last quarter. Evergreen Wealth Solutions LLC boosted its holdings in Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock worth $227,000 after purchasing an additional 651 shares during the last quarter. Ascent Group LLC boosted its holdings in Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock worth $290,000 after purchasing an additional 703 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted its holdings in Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after purchasing an additional 746 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.