Host Hotels and Resorts Inc (NYSE:HST) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.06.
HST has been the topic of several recent research reports. Morgan Stanley lowered shares of Host Hotels and Resorts from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 20th. Evercore ISI raised shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a report on Tuesday, December 18th. Wolfe Research lowered 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 report on Tuesday, March 12th. Zacks Investment Research raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Monday, February 18th. Finally, Citigroup lowered shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $24.00 to $19.50 in a report on Wednesday, December 12th.
In other news, CFO Michael D. Bluhm sold 18,360 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total value of $364,262.40. Following the completion of the sale, the chief financial officer now directly owns 176,618 shares of the company’s stock, valued at approximately $3,504,101.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.40% of the company’s stock.
Several large investors have recently bought and sold shares of HST. Doyle Wealth Management purchased a new position in Host Hotels and Resorts during the 4th quarter valued at about $33,000. Private Capital Group LLC lifted its position in Host Hotels and Resorts by 44.7% during the 4th quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 703 shares during the period. Pearl River Capital LLC purchased a new position in Host Hotels and Resorts during the 4th quarter valued at about $39,000. Exane Asset Management purchased a new position in Host Hotels and Resorts during the 4th quarter valued at about $43,000. Finally, Parallel Advisors LLC lifted its position in Host Hotels and Resorts by 129.4% during the 4th quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,737 shares during the period. 96.63% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:HST traded up $0.03 during trading on Wednesday, reaching $19.12. The company had a trading volume of 4,995,075 shares, compared to its average volume of 7,352,770. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 2.17 and a beta of 1.22. Host Hotels and Resorts has a 12 month low of $15.94 and a 12 month high of $22.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.51 and a quick ratio of 5.51.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels and Resorts had a net margin of 19.68% and a return on equity of 14.86%. During the same quarter in the prior year, the firm earned $0.12 EPS. As a group, equities research analysts expect that Host Hotels and Resorts will post 1.77 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.80 annualized dividend and a yield of 4.18%. Host Hotels and Resorts’s payout ratio is currently 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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