Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twelve analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.96.
HST has been the subject of a number of analyst reports. StockNews.com lowered Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a research note on Friday, November 22nd. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and increased their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Finally, UBS Group cut their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th.
Check Out Our Latest Stock Analysis on Host Hotels & Resorts
Hedge Funds Weigh In On Host Hotels & Resorts
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock worth $10,668,000 after acquiring an additional 113,761 shares during the last quarter. Verition Fund Management LLC raised its position in shares of Host Hotels & Resorts by 123.4% during the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock valued at $1,156,000 after buying an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Host Hotels & Resorts in the third quarter valued at $540,000. LMR Partners LLP purchased a new position in Host Hotels & Resorts during the third quarter worth about $4,775,000. Finally, Aigen Investment Management LP purchased a new position in shares of Host Hotels & Resorts during the 3rd quarter worth approximately $639,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Trading Up 0.4 %
Shares of HST traded up $0.07 during trading hours on Thursday, reaching $16.71. 11,268,488 shares of the company traded hands, compared to its average volume of 6,395,224. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 16.22 and a beta of 1.31. The stock's fifty day moving average price is $17.79 and its 200 day moving average price is $17.56. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. Host Hotels & Resorts's quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Host Hotels & Resorts will post 1.92 earnings per share for the current year.
Host Hotels & Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts's payout ratio is 77.67%.
About Host Hotels & Resorts
(
Get Free ReportHost 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.
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