Host Hotels & Resorts (NASDAQ:HST) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Host Hotels & Resorts (NASDAQ:HST) had its price target increased by Cantor Fitzgerald from $24.00 to $27.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Cantor Fitzgerald‘s price target indicates a potential upside of 6.80% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Barclays raised their price target on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. Morgan Stanley boosted their price objective on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. Finally, Truist Financial increased their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $25.55.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $25.28 on Tuesday. The stock has a market capitalization of $17.32 billion, a P/E ratio of 18.45, a P/E/G ratio of 3.61 and a beta of 1.09. The company’s fifty day moving average price is $23.27 and its 200 day moving average price is $22.12. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. Host Hotels & Resorts has a 1 year low of $16.77 and a 1 year high of $26.19.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.35 earnings per share. As a group, equities research analysts anticipate that Host Hotels & Resorts will post 2.23 earnings per share for the current fiscal year.

Insider Transactions at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the completion of the sale, the executive vice president owned 618,207 shares of the company’s stock, valued at $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of HST. Edgestream Partners L.P. purchased a new stake in Host Hotels & Resorts during the 3rd quarter valued at about $2,426,000. HighTower Advisors LLC lifted its stake in Host Hotels & Resorts by 10.2% in the 3rd quarter. HighTower Advisors LLC now owns 75,479 shares of the company’s stock worth $1,690,000 after purchasing an additional 6,963 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Host Hotels & Resorts by 35.0% during the 3rd quarter. Intech Investment Management LLC now owns 119,892 shares of the company’s stock worth $2,684,000 after purchasing an additional 31,107 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Host Hotels & Resorts by 44.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 7,390 shares of the company’s stock worth $165,000 after purchasing an additional 2,283 shares during the last quarter. Finally, Ibex Wealth Advisors boosted its holdings in shares of Host Hotels & Resorts by 4.4% during the 3rd quarter. Ibex Wealth Advisors now owns 442,129 shares of the company’s stock worth $9,899,000 after purchasing an additional 18,565 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets.

The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

Host traces its history to Host Marriott Corporation, established in 1993, and adopted the REIT structure in 1998.