Truist Financial Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $17.00

Host Hotels & Resorts (NASDAQ:HST) had its target price lowered by Truist Financial from $20.00 to $17.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

HST has been the subject of a number of other research reports. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $16.00 to $15.00 in a report on Friday. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Citigroup reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Trading Down 1.8 %

Shares of HST opened at $14.69 on Friday. The company has a market capitalization of $10.27 billion, a P/E ratio of 14.84 and a beta of 1.30. Host Hotels & Resorts has a one year low of $14.25 and a one year high of $20.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a 50-day moving average price of $16.32 and a 200 day moving average price of $17.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Sell-side analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. National Pension Service acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $45,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

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.