Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Consensus Recommendation of “Hold” from Analysts

Host Hotels & Resorts, Inc. (NASDAQ:HST) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.17.

A number of brokerages recently issued reports on HST. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. 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. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. 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. Finally, Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $15.00 in a research report on Friday, March 21st.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $13.78 on Tuesday. The company’s 50-day moving average is $15.23 and its two-hundred day moving average is $16.84. The company has a market cap of $9.55 billion, a PE ratio of 13.92 and a beta of 1.26. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $20.22. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion for 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 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock worth $62,000 after acquiring an additional 1,906 shares in the last quarter. Vert Asset Management LLC lifted its holdings in Host Hotels & Resorts by 6.4% during the 1st quarter. Vert Asset Management LLC now owns 329,108 shares of the company’s stock valued at $4,677,000 after purchasing an additional 19,662 shares during the last quarter. Gilman Hill Asset Management LLC lifted its position in Host Hotels & Resorts by 28.8% during the first quarter. Gilman Hill Asset Management LLC now owns 42,555 shares of the company’s stock worth $605,000 after acquiring an additional 9,510 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $155,000. Finally, NBC Securities Inc. raised its stake in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares in the last quarter. 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.