Host Hotels & Resorts (NASDAQ:HST) Rating Increased to Buy at Compass Point

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) was upgraded by equities researchers at Compass Point from a "neutral" rating to a "buy" rating in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a $22.00 price target on the stock, up from their prior price target of $18.00. Compass Point's target price would indicate a potential upside of 21.95% from the stock's previous close.

Several other analysts also recently commented on HST. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. cut Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.27.

Host Hotels & Resorts Trading Up 0.3 %

NASDAQ:HST traded up $0.05 on Thursday, reaching $18.04. 7,393,887 shares of the stock traded hands, compared to its average volume of 6,764,192. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company's 50 day moving average is $17.36 and its 200-day moving average is $18.00. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Host Hotels & Resorts by 3.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 203,266 shares of the company's stock worth $3,577,000 after buying an additional 6,839 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its position in Host Hotels & Resorts by 3.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 30,894 shares of the company's stock valued at $544,000 after purchasing an additional 1,074 shares during the last quarter. Swedbank AB lifted its position in Host Hotels & Resorts by 1.1% in the third quarter. Swedbank AB now owns 763,921 shares of the company's stock valued at $13,445,000 after purchasing an additional 8,341 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in Host Hotels & Resorts by 6.4% in the third quarter. Gilman Hill Asset Management LLC now owns 35,115 shares of the company's stock valued at $618,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its position in Host Hotels & Resorts by 49.8% in the third quarter. Exchange Traded Concepts LLC now owns 7,728 shares of the company's stock valued at $136,000 after purchasing an additional 2,569 shares during the last quarter. Hedge funds and other 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.