Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $19.00 by Analysts at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by UBS Group from $20.00 to $19.00 in a research note released on Friday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Robert W. Baird dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Finally, Stifel Nicolaus dropped their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $21.21.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $17.41 on Friday. Host Hotels & Resorts has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The firm has a market capitalization of $12.17 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.55 and a beta of 1.32. The company’s 50 day moving average price is $17.73 and its two-hundred day moving average price is $17.69.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after purchasing an additional 950,431 shares in the last quarter. Geode Capital Management LLC increased its stake in Host Hotels & Resorts by 1.0% in the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after purchasing an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after purchasing an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after purchasing an additional 181,103 shares in the last quarter. Finally, LSV Asset Management increased its stake in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after purchasing an additional 965,100 shares in the last quarter. 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.