Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $19.00 at Citigroup

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective dropped by equities researchers at Citigroup from $21.00 to $19.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Citigroup's price target points to a potential upside of 30.54% from the stock's current price.

A number of other analysts also recently commented on HST. UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on 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. Stifel Nicolaus decreased their target price on 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. Raymond James cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.54.

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Host Hotels & Resorts Price Performance

Shares of HST traded down $0.41 during midday trading on Monday, reaching $14.56. The stock had a trading volume of 5,961,166 shares, compared to its average volume of 7,036,058. Host Hotels & Resorts has a 52 week low of $14.30 and a 52 week high of $21.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm's 50 day moving average price is $16.37 and its 200-day moving average price is $17.32. The company has a market capitalization of $10.18 billion, a P/E ratio of 14.70 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. National Pension Service bought a new stake in Host Hotels & Resorts in the 4th quarter valued at $26,000. Jones Financial Companies Lllp boosted its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts in the 4th quarter valued at about $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Company Profile

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.