Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.27 Consensus Target Price from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $21.27.

A number of equities research analysts have recently weighed in on the company. Truist Financial lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and lowered their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Robert W. Baird cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, September 13th.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.04 during mid-day trading on Tuesday, reaching $17.59. The stock had a trading volume of 4,038,332 shares, compared to its average volume of 6,744,974. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31. The stock has a market capitalization of $12.40 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.56 and a beta of 1.32. The firm has a 50 day moving average price of $17.46 and a two-hundred day moving average price of $17.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. Host Hotels & Resorts's payout ratio is 78.43%.

Institutional Investors Weigh In On Host Hotels & Resorts

Several hedge funds have recently bought and sold shares of HST. American International Group Inc. raised its stake in Host Hotels & Resorts by 1.0% during the fourth quarter. American International Group Inc. now owns 190,057 shares of the company's stock valued at $3,700,000 after buying an additional 1,802 shares during the last quarter. Quadrature Capital Ltd bought a new position in Host Hotels & Resorts in the 4th quarter worth about $520,000. Mather Group LLC. purchased a new stake in Host Hotels & Resorts during the 1st quarter valued at about $35,000. Gulf International Bank UK Ltd increased its stake in Host Hotels & Resorts by 16.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company's stock valued at $92,000 after purchasing an additional 627 shares in the last quarter. Finally, Harbor Investment Advisory LLC increased its stake in Host Hotels & Resorts by 212.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 5,067 shares of the company's stock valued at $105,000 after purchasing an additional 3,443 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.