Morgan Stanley Has Lowered Expectations for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its target price decreased by investment analysts at Morgan Stanley from $15.00 to $14.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective would indicate a potential upside of 2.20% from the stock's current price.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Wells Fargo & Company cut their target price on shares of 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. Finally, Citigroup lowered their target price on 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $19.10.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $13.70 on Tuesday. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.87. The firm has a market capitalization of $9.50 billion, a P/E ratio of 13.88 and a beta of 1.26. The stock has a fifty day moving average price of $14.93 and a two-hundred day moving average price of $16.70. 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 (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in Host Hotels & Resorts during the 4th quarter worth $807,878,000. Deutsche Bank AG raised its holdings in shares of Host Hotels & Resorts by 184.7% during the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares during the period. Rush Island Management LP acquired a new position in Host Hotels & Resorts during the 4th quarter worth approximately $99,402,000. Invesco Ltd. lifted its holdings in shares of 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 in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after purchasing an additional 4,158,219 shares during the last quarter. 98.52% of the stock is currently 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.

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