Host Hotels & Resorts (NASDAQ:HST) Cut to "Hold" at Jefferies Financial Group

Jefferies Financial Group downgraded shares of Host Hotels & Resorts (NASDAQ:HST - Free Report) from a buy rating to a hold rating in a report published on Wednesday, MarketBeat Ratings reports. They currently have $14.00 price objective on the stock, down from their previous price objective of $20.00.

Other research analysts also recently issued reports about the stock. Raymond James lowered 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 report on Tuesday, February 18th. Citigroup dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. UBS Group decreased their target price on shares of 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. Finally, Wells Fargo & Company lowered their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts has a consensus rating of "Hold" and a consensus target price of $19.17.

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Host Hotels & Resorts Trading Down 1.2 %

Host Hotels & Resorts stock traded down $0.17 during midday trading on Wednesday, reaching $13.54. The stock had a trading volume of 4,089,885 shares, compared to its average volume of 7,900,484. The firm's fifty day simple moving average is $15.28 and its two-hundred day simple moving average is $16.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $20.22. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of 13.68 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal 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 paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is 80.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cohen & Steers Inc. increased its position in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after acquiring an additional 3,932,928 shares in the last quarter. Norges Bank bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $807,878,000. JPMorgan Chase & Co. increased its holdings in shares of Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares in the last quarter. Invesco Ltd. raised its position in Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after buying an additional 350,634 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

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.