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Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $20.00


Host Hotels & Resorts (NASDAQ:HST – Get a Free Report) In a research report issued to clients and investors on Friday, UBS Group’s price target was lowered from $21.00 to $20.00, Benzinga reports. The brokerage currently has a ‘neutral’ rating on the stock. UBS Group’s price target indicates a potential upside of 6.89% from the company’s previous closing price.

Other research analysts also recently released reports on the company. Barclays raised their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15. Truist Financial lifted their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21. Finally, Bank of America upgraded Host Hotels & Resorts from an “underperform” rating to a “buy” rating and raised their price target for the stock from $18.00 to $23.00 in a report on Monday, January 8. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $21.33.

Read our latest host hotel and resort stock report

Stock of host hotels and resorts rises 0.6%

HST shares opened at $18.71 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $20.29 and a two-hundred-day moving average of $18.81. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 17.99, a price-to-earnings ratio of 1.66 and a beta of 1.31. Host Hotels & Resorts has a 12-month low of $14.92 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST – Get Free Report) posted its latest quarterly results on Wednesday, February 21. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The company’s quarterly revenue increased 4.8% compared to the same quarter last year. During the same quarter of the previous year, the company earned earnings per share of $0.44. Analysts expect Host Hotels & Resorts to post earnings per share of 1.97 for the current fiscal year.

Insider activity at host hotels and resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction on Thursday, March 21. The stock sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the CEO now directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Currently, 1.30% of the shares are owned by business insiders.

Institutional trading in guest hotels and resorts

A number of institutional investors have recently changed their shareholdings. Vanguard Group Inc. increased its position in shares of Host Hotels & Resorts by 1.2% during the first quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company’s stock valued at $2,260,281,000 after acquiring an additional 1,379,330 shares during the period. Wellington Management Group LLP increased its position in shares of Host Hotels & Resorts by 15.4% during the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after acquiring an additional 6,719,578 shares during the period. State Street Corp increased its position in shares of Host Hotels & Resorts by 7.1% during the first quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the period. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $615,558,000. Finally, JPMorgan Chase & Co. its position in Host Hotels & Resorts shares increased by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock valued at $358,576,000 after acquiring an additional 310,079 shares during the period. 98.52% of the shares are currently held by institutional investors.

Company profile of host hotels and resorts

(Get a free report)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest real estate investment trust and one of the largest owners of luxury and luxury hotels. The company currently owns 72 properties in the United States and five international properties totaling approximately 42,000 rooms.

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