Robert W. Baird Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective cut by Robert W. Baird from $21.00 to $19.00 in a research report report published on Monday, Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also issued reports about the company. Truist Financial decreased their target price on Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating on the stock in a report on Thursday, May 30th. Compass Point lowered Host Hotels & Resorts from a buy rating to a neutral rating and decreased their price objective for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Wedbush reaffirmed an outperform rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Barclays decreased their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating on the stock in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lowered Host Hotels & Resorts from a neutral rating to an underweight rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of Hold and an average price target of $21.19.

Host Hotels & Resorts Stock Down 1.5 %

HST stock opened at $16.03 on Monday. The company has a current ratio of 4.55, a quick ratio of 6.66 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $11.30 billion, a PE ratio of 15.72, a PEG ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The business’s 50 day simple moving average is $17.75 and its 200 day simple moving average is $18.99.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 4.99%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,201,478.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently made changes to their positions in the stock. Daiwa Securities Group Inc. grew its stake in Host Hotels & Resorts by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after purchasing an additional 489,415 shares during the period. Andra AP fonden grew its stake in Host Hotels & Resorts by 1.7% during the second quarter. Andra AP fonden now owns 1,237,400 shares of the company’s stock worth $22,248,000 after purchasing an additional 20,400 shares during the period. Global X Japan Co. Ltd. acquired a new stake in Host Hotels & Resorts during the second quarter worth approximately $30,000. Choreo LLC grew its stake in Host Hotels & Resorts by 9.5% during the second quarter. Choreo LLC now owns 56,213 shares of the company’s stock worth $991,000 after purchasing an additional 4,882 shares during the period. Finally, Prudential PLC grew its stake in Host Hotels & Resorts by 94.6% during the second quarter. Prudential PLC now owns 111,973 shares of the company’s stock worth $2,013,000 after purchasing an additional 54,434 shares during the period. 98.52% of the stock is currently owned by institutional investors.

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