Host Hotels & Resorts (NASDAQ:HST) Hits New 12-Month Low - What's Next?

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $14.24 and last traded at $14.32, with a volume of 1453559 shares traded. The stock had previously closed at $14.53.

Wall Street Analyst Weigh In

HST has been the subject of several recent research reports. UBS Group decreased their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Citigroup reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.54.

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Host Hotels & Resorts Price Performance

The stock has a 50 day moving average of $16.01 and a 200-day moving average of $17.21. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $10.10 billion, a PE ratio of 14.59 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.54%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors have recently modified their holdings of HST. The Manufacturers Life Insurance Company grew its holdings 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 period. Verition Fund Management LLC grew its stake 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 worth $1,156,000 after purchasing an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Host Hotels & Resorts during the 3rd quarter valued at approximately $540,000. Private Advisor Group LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $375,000. Finally, Avanza Fonder AB purchased a new stake in Host Hotels & Resorts during the fourth quarter worth $1,457,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

About Host Hotels & Resorts

Host 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.