Host Hotels & Resorts (NASDAQ:HST) Given New $17.00 Price Target at Truist Financial

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective reduced by Truist Financial from $20.00 to $17.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's price objective would indicate a potential upside of 13.86% from the stock's previous close.

Several other research analysts have also commented on HST. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Wells Fargo & Company decreased their target price on 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. UBS Group dropped their price target on 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. 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. Finally, Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.54.

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Host Hotels & Resorts Stock Up 1.6 %

NASDAQ:HST traded up $0.24 during mid-day trading on Friday, reaching $14.93. The stock had a trading volume of 2,160,455 shares, compared to its average volume of 7,073,100. The stock's 50 day simple moving average is $16.32 and its two-hundred day simple moving average is $17.31. Host Hotels & Resorts has a 1-year low of $14.25 and a 1-year high of $20.98. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 15.08 and a beta of 1.30. 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 issued its earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised its position in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts during the 4th quarter valued at about $40,000. Finally, Eastern Bank acquired a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $45,000. 98.52% of the stock is owned by institutional investors.

About Host Hotels & Resorts

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.