Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.54.

A number of research analysts have recently commented on HST shares. Raymond James reduced 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 report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Wells Fargo & Company decreased their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group dropped their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $14.80 on Friday. Host Hotels & Resorts has a 52-week low of $14.25 and a 52-week high of $20.85. The stock’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $17.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 14.95 and a beta of 1.30.

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

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.41%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. National Pension Service bought a new position in Host Hotels & Resorts during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp grew its holdings in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts during the 4th quarter valued at $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at $45,000. Institutional investors 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.