UBS Group Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST - Free Report) had its price objective reduced by UBS Group from $20.00 to $19.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on HST. Evercore ISI reduced their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Truist Financial lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Monday, August 5th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Finally, Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.21.

Host Hotels & Resorts Price Performance

NASDAQ HST traded down $0.20 during midday trading on Friday, hitting $17.26. The company had a trading volume of 12,826,428 shares, compared to its average volume of 6,835,031. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a market capitalization of $12.07 billion, a PE ratio of 16.89, a P/E/G ratio of 1.61 and a beta of 1.32. The firm has a 50-day moving average price of $17.71 and a 200-day moving average price of $17.72.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company's revenue was up 8.6% on a year-over-year basis. As a group, analysts anticipate that Host Hotels & Resorts will post 1.96 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts's payout ratio is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock worth $121,318,000 after buying an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock valued at $240,017,000 after buying an additional 5,466,629 shares during the period. KBC Group NV lifted its holdings in shares of Host Hotels & Resorts by 207.9% in the 3rd quarter. KBC Group NV now owns 2,198,392 shares of the company's stock valued at $38,692,000 after buying an additional 1,484,370 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its holdings in Host Hotels & Resorts by 92.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock worth $48,652,000 after purchasing an additional 1,331,407 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

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.