Host Hotels & Resorts (NASDAQ:HST - Free Report) had its price target decreased by Raymond James from $23.00 to $20.00 in a research note released on Tuesday morning,Benzinga reports. Raymond James currently has an outperform rating on the stock.
HST has been the topic of several other reports. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research report on Friday, November 22nd. StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $20.54.
Check Out Our Latest Stock Report on HST
Host Hotels & Resorts Stock Performance
NASDAQ HST traded down $0.42 during midday trading on Tuesday, hitting $16.34. The company had a trading volume of 17,225,238 shares, compared to its average volume of 7,853,198. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 16.51 and a beta of 1.30. The firm has a fifty day simple moving average of $17.22 and a two-hundred day simple moving average of $17.47. Host Hotels & Resorts has a fifty-two week low of $15.71 and a fifty-two week high of $21.31.
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, topping the consensus estimate 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 net margin of 12.26% and a return on equity of 10.31%. Equities analysts forecast that Host Hotels & Resorts will post 1.91 earnings per share 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. Investors 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 dividend yield of 4.90%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.
Institutional Investors Weigh In On Host Hotels & Resorts
Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock worth $10,668,000 after buying an additional 113,761 shares during the last quarter. Verition Fund Management LLC raised its stake in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after buying an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Host Hotels & Resorts during the third quarter worth approximately $540,000. LMR Partners LLP bought a new stake in shares of Host Hotels & Resorts during the third quarter worth approximately $4,775,000. Finally, Aigen Investment Management LP bought a new stake in shares of Host Hotels & Resorts during the third quarter worth approximately $639,000. 98.52% of the stock is owned by institutional investors.
About Host Hotels & Resorts
(
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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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