Citigroup Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its price target dropped by Citigroup from $21.00 to $19.00 in a report released on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 26.08% from the company’s current price.

A number of other analysts also recently issued reports on the company. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James dropped their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.12.

Host Hotels & Resorts Stock Down 1.5 %

Shares of HST opened at $15.07 on Monday. The stock has a fifty day simple moving average of $16.44 and a two-hundred day simple moving average of $17.36. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $10.54 billion, a PE ratio of 15.22 and a beta of 1.30. Host Hotels & Resorts has a 52-week low of $14.47 and a 52-week high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp lifted its stake in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

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.