Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.50 by Analysts at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST - Free Report) had its target price cut by Stifel Nicolaus from $21.00 to $20.50 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on HST. UBS Group decreased their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. Robert W. Baird decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, August 5th. Evercore ISI cut their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $21.18.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded up $0.36 during trading hours on Friday, reaching $18.25. The company had a trading volume of 6,184,088 shares, compared to its average volume of 7,509,475. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.62 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm's 50 day moving average price is $17.79 and its 200-day moving average price is $17.67. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.38%. Host Hotels & Resorts's dividend payout ratio (DPR) is 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently made changes to their positions in HST. Assenagon Asset Management S.A. increased its holdings in shares of Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company's stock valued at $357,000 after acquiring an additional 584 shares during the period. Freedom Investment Management Inc. boosted its position in Host Hotels & Resorts by 3.0% during the third quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock valued at $380,000 after purchasing an additional 625 shares in the last quarter. D Orazio & Associates Inc. grew its stake in Host Hotels & Resorts by 6.3% in the second quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock valued at $197,000 after purchasing an additional 648 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in Host Hotels & Resorts by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock worth $296,000 after purchasing an additional 784 shares in the last quarter. Finally, Quadrature Capital Ltd lifted its position in shares of Host Hotels & Resorts by 3.0% during the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company's stock valued at $568,000 after buying an additional 790 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.