Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $18.00 at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its price objective decreased by UBS Group from $19.00 to $18.00 in a research note published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.96.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $17.05 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The business’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $17.60. The stock has a market cap of $11.92 billion, a PE ratio of 16.55 and a beta of 1.31. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, analysts forecast that Host Hotels & Resorts will post 1.92 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board grew its stake in shares of Host Hotels & Resorts by 17.3% in the second quarter. Public Sector Pension Investment Board now owns 98,020 shares of the company’s stock valued at $1,762,000 after buying an additional 14,436 shares in the last quarter. AXA S.A. grew its position in Host Hotels & Resorts by 785.0% in the second quarter. AXA S.A. now owns 127,296 shares of the company’s stock valued at $2,289,000 after acquiring an additional 112,912 shares in the last quarter. AQR Capital Management LLC grew its position in Host Hotels & Resorts by 34.8% in the second quarter. AQR Capital Management LLC now owns 342,236 shares of the company’s stock valued at $6,090,000 after acquiring an additional 88,437 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Host Hotels & Resorts by 217.0% during the second quarter. APG Asset Management N.V. now owns 84,579 shares of the company’s stock valued at $1,419,000 after purchasing an additional 57,900 shares during the period. Finally, MBB Public Markets I LLC acquired a new position in shares of Host Hotels & Resorts during the second quarter worth $932,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

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.