Shares of Host Hotels and Resorts Inc (NYSE:HST) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $20.50.
HST has been the subject of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Host Hotels and Resorts in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Host Hotels and Resorts in a research note on Tuesday, October 17th. Boenning Scattergood reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Host Hotels and Resorts in a research note on Friday, September 22nd. Wolfe Research initiated coverage on shares of Host Hotels and Resorts in a research note on Wednesday, November 29th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Co raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Monday, November 6th.
Host Hotels and Resorts (NYSE HST) opened at $20.57 on Friday. The company has a market cap of $15,220.00, a price-to-earnings ratio of 25.40, a PEG ratio of 2.42 and a beta of 1.29. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.82. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.33. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS. equities research analysts expect that Host Hotels and Resorts will post 1.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.20 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.89%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 98.77%.
In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $20.45, for a total value of $1,227,000.00. Following the completion of the sale, the executive vice president now owns 168,905 shares of the company’s stock, valued at approximately $3,454,107.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in HST. BlackRock Inc. boosted its position in Host Hotels and Resorts by 3.7% during the 2nd quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock valued at $1,391,737,000 after buying an additional 2,707,618 shares during the period. Point72 Asset Management L.P. purchased a new stake in Host Hotels and Resorts during the 3rd quarter valued at $47,467,000. Bank of New York Mellon Corp boosted its position in Host Hotels and Resorts by 12.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock valued at $358,876,000 after buying an additional 2,094,813 shares during the period. Resolution Capital Ltd purchased a new stake in Host Hotels and Resorts during the 3rd quarter valued at $24,072,000. Finally, Ameriprise Financial Inc. boosted its position in Host Hotels and Resorts by 22.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,695,933 shares of the real estate investment trust’s stock valued at $122,358,000 after buying an additional 1,242,010 shares during the period.
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About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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