Host Hotels and Resorts Inc (NYSE:HST) Receives Consensus Rating of “Hold” from Analysts

Host Hotels and Resorts Inc (NYSE:HST) has been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $20.52.

A number of research analysts have recently commented on the stock. Wolfe Research cut shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 target price on the stock. in a research report on Tuesday, March 12th. Deutsche Bank reissued a “buy” rating and set a $22.00 target price on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Barclays reissued a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Morgan Stanley set a $18.00 target price on shares of Host Hotels and Resorts and gave the stock a “sell” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research raised shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 19th.

In related news, Director Walter C. Rakowich sold 2,895 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the sale, the director now directly owns 44,982 shares of the company’s stock, valued at $862,304.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nathan S. Tyrrell sold 1,685 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $19.73, for a total transaction of $33,245.05. Following the completion of the sale, the vice president now directly owns 162,713 shares in the company, valued at $3,210,327.49. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HST. FMR LLC increased its stake in Host Hotels and Resorts by 3.0% during the first quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock valued at $330,307,000 after purchasing an additional 514,020 shares during the last quarter. Horizon Investments LLC bought a new stake in Host Hotels and Resorts during the first quarter valued at $195,000. Nordea Investment Management AB increased its stake in Host Hotels and Resorts by 4.0% during the first quarter. Nordea Investment Management AB now owns 1,377,712 shares of the real estate investment trust’s stock valued at $26,040,000 after purchasing an additional 52,897 shares during the last quarter. Advisory Services Network LLC increased its stake in Host Hotels and Resorts by 6.6% during the first quarter. Advisory Services Network LLC now owns 41,919 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 2,597 shares during the last quarter. Finally, Allstate Corp increased its stake in Host Hotels and Resorts by 74.3% during the first quarter. Allstate Corp now owns 21,387 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 9,120 shares during the last quarter. 97.08% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HST opened at $18.65 on Friday. Host Hotels and Resorts has a 52 week low of $15.94 and a 52 week high of $22.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. The firm has a market cap of $13.82 billion, a PE ratio of 10.54, a PEG ratio of 2.05 and a beta of 1.17.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Host Hotels and Resorts will post 1.81 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.20 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.80 annualized dividend and a yield of 4.29%. Host Hotels and Resorts’s dividend payout ratio is presently 45.20%.

Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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