Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $18.00 at Evercore ISI

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by Evercore ISI from $20.00 to $18.00 in a report published on Monday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also weighed in on HST. Truist Financial cut 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. UBS Group cut their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Jefferies Financial Group downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Morgan Stanley lowered their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.90.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $14.12 on Monday. The company has a 50 day simple moving average of $14.56 and a 200-day simple moving average of $16.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 14.26 and a beta of 1.26. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. Equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.67%. Host Hotels & Resorts’s payout ratio is 80.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Freedom Investment Management Inc. lifted its position in Host Hotels & Resorts by 2.9% in the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock worth $389,000 after purchasing an additional 622 shares during the period. Savant Capital LLC lifted its position in Host Hotels & Resorts by 2.7% in the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after purchasing an additional 634 shares during the period. Evergreen Wealth Solutions LLC lifted its position in Host Hotels & Resorts by 5.3% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock worth $227,000 after purchasing an additional 651 shares during the period. Ascent Group LLC lifted its position in Host Hotels & Resorts by 4.4% in the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock worth $290,000 after purchasing an additional 703 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC lifted its position in Host Hotels & Resorts by 1.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after purchasing an additional 746 shares during the period. 98.52% of the stock is owned by institutional investors.

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.