Host Hotels & Resorts (NASDAQ:HST) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a hold rating to a sell rating in a research report released on Thursday.

HST has been the subject of several other reports. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Evercore ISI dropped their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Price Performance

HST stock opened at $17.26 on Thursday. The firm has a market cap of $12.07 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31. The stock has a 50-day simple moving average of $17.72 and a 200-day simple moving average of $17.69.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts predict that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently modified their holdings of HST. Bessemer Group Inc. boosted its stake in Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after purchasing an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after buying an additional 84,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Host Hotels & Resorts by 9.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after buying an additional 55,654 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Host Hotels & Resorts by 23.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after purchasing an additional 39,340 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after purchasing an additional 286,281 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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.