Morgan Stanley upgraded shares of Host Hotels & Resorts (NASDAQ:HST - Free Report) from an underweight rating to an equal weight rating in a research note issued to investors on Friday, MarketBeat.com reports. The firm currently has $15.00 price target on the stock, down from their prior price target of $16.00.
Several other research analysts have also recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a report on Friday, November 22nd. Citigroup dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company cut their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Two research 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.54.
Read Our Latest Report on Host Hotels & Resorts
Host Hotels & Resorts Stock Down 1.5 %
Shares of Host Hotels & Resorts stock traded down $0.22 during trading hours on Friday, reaching $14.80. 5,701,506 shares of the company were exchanged, compared to its average volume of 7,101,851. The firm has a market cap of $10.35 billion, a PE ratio of 14.95 and a beta of 1.30. The stock's fifty day moving average is $16.23 and its 200 day moving average is $17.28. Host Hotels & Resorts has a 1 year low of $14.25 and a 1 year high of $20.85. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, equities research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.
Host Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.
Institutional Investors Weigh In On Host Hotels & Resorts
A number of institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System raised its stake in shares of Host Hotels & Resorts by 6.4% during the fourth quarter. California State Teachers Retirement System now owns 1,496,145 shares of the company's stock worth $26,212,000 after purchasing an additional 89,535 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Host Hotels & Resorts by 46.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 52,000 shares of the company's stock valued at $911,000 after buying an additional 16,578 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter worth $2,629,000. Siemens Fonds Invest GmbH purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $198,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Host Hotels & Resorts during the fourth quarter worth about $26,068,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Company Profile
(
Get Free Report)
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.
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