Analysts Set Host Hotels and Resorts Inc (NYSE:HST) PT at $20.80

Host Hotels and Resorts Inc (NYSE:HST) has been assigned a consensus recommendation of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $20.80.

A number of research firms have commented on HST. BTIG Research reduced their price target on Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research report on Thursday, June 27th. They noted that the move was a valuation call. ValuEngine upgraded XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Morgan Stanley set a $226.00 price target on S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Finally, Capital One Financial began coverage on Summit Hotel Properties in a research report on Tuesday, June 25th. They issued an “equal weight” rating and a $13.00 price target on the stock.

Shares of NYSE HST traded down $0.13 during trading on Tuesday, reaching $17.67. The company had a trading volume of 3,490,527 shares, compared to its average volume of 5,735,333. The company has a fifty day simple moving average of $18.23. Host Hotels and Resorts has a 12 month low of $15.94 and a 12 month high of $22.06. The company has a market cap of $13.09 billion, a PE ratio of 9.98, a P/E/G ratio of 1.95 and a beta of 1.13. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51.



Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts forecast that Host Hotels and Resorts will post 1.81 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.53%. Host Hotels and Resorts’s payout ratio is 45.20%.

In related news, Director Walter C. Rakowich sold 2,895 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.17, for a total transaction of $55,497.15. Following the sale, the director now owns 44,982 shares in the company, valued at approximately $862,304.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Nathan S. Tyrrell sold 1,685 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.73, for a total value of $33,245.05. Following the sale, the vice president now owns 162,713 shares in the company, valued at approximately $3,210,327.49. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. FDx Advisors Inc. raised its stake in shares of Host Hotels and Resorts by 7.7% in the second quarter. FDx Advisors Inc. now owns 17,169 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 1,225 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Host Hotels and Resorts by 7.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,200,546 shares of the real estate investment trust’s stock worth $21,874,000 after purchasing an additional 78,657 shares during the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Host Hotels and Resorts in the second quarter worth approximately $106,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Host Hotels and Resorts by 51.2% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,039 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Foster & Motley Inc. raised its stake in shares of Host Hotels and Resorts by 10.7% in the second quarter. Foster & Motley Inc. now owns 64,977 shares of the real estate investment trust’s stock worth $1,184,000 after purchasing an additional 6,263 shares during the last quarter. Institutional investors own 97.13% of the company’s stock.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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