Host Hotels & Resorts (NASDAQ:HST) Hits New 52-Week Low After Analyst Downgrade

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) reached a new 52-week low on Friday after Truist Financial lowered their price target on the stock from $20.00 to $17.00. Truist Financial currently has a hold rating on the stock. Host Hotels & Resorts traded as low as $14.25 and last traded at $14.40, with a volume of 2556017 shares changing hands. The stock had previously closed at $14.96.

HST has been the subject of several other reports. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. UBS Group cut their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company decreased their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.54.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. California State Teachers Retirement System grew its stake in shares of Host Hotels & Resorts by 6.4% in the 4th quarter. California State Teachers Retirement System now owns 1,496,145 shares of the company's stock worth $26,212,000 after buying an additional 89,535 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Host Hotels & Resorts by 46.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,000 shares of the company's stock worth $911,000 after acquiring an additional 16,578 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $2,629,000. Siemens Fonds Invest GmbH purchased a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $198,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Host Hotels & Resorts in the 4th quarter worth about $26,068,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Down 1.5 %

The company has a market capitalization of $10.35 billion, a PE ratio of 14.95 and a beta of 1.30. 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's 50-day moving average is $16.23 and its 200 day moving average is $17.28.

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

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

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.