Host Hotels and Resorts Inc (NYSE:HST) Receives Average Recommendation of “Hold” from Brokerages

Shares of Host Hotels and Resorts Inc (NYSE:HST) have been assigned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.35.

Several brokerages have recently commented on HST. Morgan Stanley cut their price objective on Host Hotels and Resorts from $17.00 to $16.00 and set an “underweight” rating for the company in a report on Thursday, January 9th. BMO Capital Markets began coverage on Host Hotels and Resorts in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 target price for the company. ValuEngine raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Deutsche Bank cut their target price on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, October 24th.

Shares of NYSE HST traded up $0.01 during midday trading on Tuesday, hitting $17.68. 4,629,954 shares of the company’s stock were exchanged, compared to its average volume of 7,209,388. Host Hotels and Resorts has a 12-month low of $15.51 and a 12-month high of $20.34. The company has a current ratio of 7.70, a quick ratio of 7.70 and a debt-to-equity ratio of 0.59. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.06 and a beta of 1.15. The business’s fifty day moving average price is $18.05 and its two-hundred day moving average price is $17.26.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Monday, December 30th. Host Hotels and Resorts’s dividend payout ratio is currently 45.20%.

In other Host Hotels and Resorts news, Chairman Richard E. Marriott sold 160,195 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $18.51, for a total value of $2,965,209.45. Following the completion of the sale, the chairman now owns 3,503,058 shares of the company’s stock, valued at $64,841,603.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in HST. Nuveen Asset Management LLC boosted its stake in shares of Host Hotels and Resorts by 175.2% during the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock valued at $213,137,000 after purchasing an additional 7,446,548 shares during the period. Cohen & Steers Inc. boosted its stake in shares of Host Hotels and Resorts by 187.4% during the second quarter. Cohen & Steers Inc. now owns 7,991,480 shares of the real estate investment trust’s stock valued at $145,605,000 after purchasing an additional 5,210,573 shares during the period. Schroder Investment Management Group boosted its stake in shares of Host Hotels and Resorts by 1,546.8% during the second quarter. Schroder Investment Management Group now owns 3,230,106 shares of the real estate investment trust’s stock valued at $58,852,000 after purchasing an additional 3,033,957 shares during the period. Man Group plc boosted its stake in shares of Host Hotels and Resorts by 266.5% during the second quarter. Man Group plc now owns 3,854,258 shares of the real estate investment trust’s stock valued at $70,224,000 after purchasing an additional 2,802,486 shares during the period. Finally, Unigestion Holding SA purchased a new stake in shares of Host Hotels and Resorts during the third quarter valued at approximately $44,982,000. 97.26% of the stock is owned by hedge funds and other institutional investors.

About Host Hotels and Resorts

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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