Host Hotels & Resorts (NASDAQ:HST) Given New $20.00 Price Target at Wells Fargo & Company

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price target cut by analysts at Wells Fargo & Company from $22.00 to $20.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective points to a potential upside of 22.40% from the company's current price.

Several other equities research analysts have also recently issued reports on the company. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com cut Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Two equities research 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's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $20.54.

Host Hotels & Resorts Price Performance

Shares of HST stock traded down $0.42 during trading on Tuesday, hitting $16.34. The company had a trading volume of 17,225,811 shares, compared to its average volume of 8,056,027. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $11.42 billion, a P/E ratio of 16.51 and a beta of 1.30. The stock's 50-day moving average price is $17.18 and its 200 day moving average price is $17.47. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.31% and a net margin of 12.26%. Equities analysts expect that Host Hotels & Resorts will post 1.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. National Pension Service acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $26,000. Jones Financial Companies Lllp increased its holdings 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 valued at $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $45,000. 98.52% of the stock is currently 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.