Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Consensus Recommendation of “Hold” by Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have earned a consensus recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $18.27.

Several equities analysts recently commented on the company. 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 reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley reduced their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $15.76 on Wednesday. Host Hotels & Resorts has a 52 week low of $12.22 and a 52 week high of $19.37. The business has a 50-day simple moving average of $14.48 and a 200 day simple moving average of $16.04. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.93 billion, a price-to-earnings ratio of 15.92 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. On average, research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of HST. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $807,878,000. Deutsche Bank AG lifted its stake in shares of Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company’s stock valued at $170,855,000 after acquiring an additional 6,326,709 shares during the last quarter. Rush Island Management LP bought a new position in Host Hotels & Resorts during the 4th quarter valued at approximately $99,402,000. Nuveen LLC bought a new position in Host Hotels & Resorts during the 1st quarter valued at approximately $69,989,000. Finally, Invesco Ltd. raised its position in Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after purchasing an additional 4,460,468 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, 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.