Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $24.00

Host Hotels & Resorts (NASDAQ:HST) had its price target upped by Cantor Fitzgerald from $23.00 to $24.00 in a research note issued to investors on Tuesday,Benzinga reports. Cantor Fitzgerald currently has a neutral rating on the stock.

A number of other brokerages also recently issued reports on HST. Argus set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Morgan Stanley upped their price target on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, BMO Capital Markets restated an “outperform” rating and set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $24.33.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $22.75 on Tuesday. Host Hotels & Resorts has a 12 month low of $15.61 and a 12 month high of $25.71. The business’s fifty day simple moving average is $24.16 and its two-hundred day simple moving average is $21.70. The company has a current ratio of 2.96, a quick ratio of 7.91 and a debt-to-equity ratio of 0.80. The company has a market cap of $15.59 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 2.53 and a beta of 1.10.

Insider Buying and Selling

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total transaction of $358,087.00. Following the completion of the transaction, the executive vice president owned 682,089 shares in the company, valued at $15,688,047. This trade represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Host Hotels & Resorts by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 108,128,327 shares of the company’s stock worth $1,917,115,000 after buying an additional 383,490 shares during the last quarter. BlackRock Inc. bought a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $2,096,191,000. Norges Bank purchased a new position in Host Hotels & Resorts in the fourth quarter worth about $628,014,000. Invesco Ltd. grew its position in Host Hotels & Resorts by 9.7% in the third quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after acquiring an additional 2,217,322 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Host Hotels & Resorts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock worth $402,056,000 after acquiring an additional 493,177 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.