Stifel Nicolaus Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $21.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective decreased by stock analysts at Stifel Nicolaus from $22.00 to $21.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 24.93% from the company’s previous close.

HST has been the topic of a number of other research reports. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Wedbush restated an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Barclays dropped their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. UBS Group decreased their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $18.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded down $0.70 during mid-day trading on Thursday, reaching $16.81. 5,424,653 shares of the stock were exchanged, compared to its average volume of 6,133,665. The company has a 50 day simple moving average of $17.94 and a 200-day simple moving average of $19.11. The stock has a market capitalization of $11.85 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.55 and a beta of 1.33. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. Host Hotels & Resorts has a 1 year low of $14.92 and a 1 year high of $21.31.

Insider Buying and Selling

In related news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of HST. Norges Bank purchased a new position in Host Hotels & Resorts during the fourth quarter worth $615,558,000. PGGM Investments purchased a new position in Host Hotels & Resorts during the fourth quarter worth $57,664,000. SG Americas Securities LLC increased its position in Host Hotels & Resorts by 3,870.5% during the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock worth $45,934,000 after buying an additional 2,165,260 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $38,873,000. Finally, Russell Investments Group Ltd. grew its position in shares of Host Hotels & Resorts by 103.2% in the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after purchasing an additional 1,866,661 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.