Host Hotels & Resorts’ (NYSE:HST) “Buy” Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their buy rating on shares of Host Hotels & Resorts, Inc. (NYSE:HST) in a research report report published on Monday, November 6th. They currently have a $21.00 price objective on the real estate investment trust’s stock.

“3Q Recap. Adjusted FFO/sh. for 3Q17 was $0.33 and adjusted EBITDA of $317m was about 1.4% higher than Cantor. Comparable hotel EBITDA margins declined 75bps due to tough y/y comps in Brazil and hurricanes that accounts for 85% of the decline. Total comparable RevPAR declined 1.8% (in-line with company’s expectations) due to negative impact of 110bps from Brazil portfolio reflecting tough y/y comps, a 45bps negative impact as a result of hurricanes (before hurricanes, the company was ahead of its expectations) and holiday shift. ADR was down 1.5% and occupancy down 30bps. Transient demand was up 1.3% while group demand was down 7.0% and as a result transient rates were down 2.3% and transient revenues down 1.0%. Company’s outlook for its 2018 group business is positive. The company expects 4Q to be relatively strong.”,” Cantor Fitzgerald’s analyst wrote.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Host Hotels & Resorts from a buy rating to a hold rating in a research note on Monday, July 31st. Boenning Scattergood reiterated a buy rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, September 22nd. BidaskClub lowered shares of Host Hotels & Resorts from a buy rating to a hold rating in a research note on Friday, August 11th. SunTrust Banks, Inc. reiterated a hold rating on shares of Host Hotels & Resorts in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG upgraded shares of Host Hotels & Resorts from a hold rating to a buy rating and upped their price objective for the company from $18.00 to $21.00 in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $19.96.

Host Hotels & Resorts (HST) traded up $0.02 during midday trading on Monday, hitting $19.80. 1,425,846 shares of the company were exchanged, compared to its average volume of 5,837,326. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.62 and a quick ratio of 3.62. Host Hotels & Resorts has a twelve month low of $16.50 and a twelve month high of $20.23. The company has a market cap of $14,638.95, a P/E ratio of 11.84, a P/E/G ratio of 2.38 and a beta of 1.29.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.33. Host Hotels & Resorts had a net margin of 11.11% and a return on equity of 8.44%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. analysts forecast that Host Hotels & Resorts will post 1.66 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its holdings in shares of Host Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,537,174 shares of the real estate investment trust’s stock worth $28,422,000 after buying an additional 6,018 shares during the period. Hahn Capital Management LLC boosted its holdings in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 1,163,565 shares of the real estate investment trust’s stock worth $21,514,000 after buying an additional 11,084 shares during the period. Piedmont Investment Advisors LLC boosted its holdings in shares of Host Hotels & Resorts by 1.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 363,893 shares of the real estate investment trust’s stock worth $6,728,000 after buying an additional 6,831 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Host Hotels & Resorts by 4.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,976,615 shares of the real estate investment trust’s stock worth $36,548,000 after buying an additional 81,496 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Host Hotels & Resorts by 58.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 28,175 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 10,361 shares during the period.

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Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

Analyst Recommendations for Host Hotels & Resorts (NYSE:HST)

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