Host Hotels & Resorts, Inc. (HST) Rating Lowered to Sell at Zacks Investment Research

Host Hotels & Resorts, Inc. (NYSE:HST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “Shares of Host Hotels have underperformed the industry it belongs to, year to date. Moreover, the Zacks Consensus Estimate for the third-quarter and current-year funds from operations (FFO) per share was revised downward in a month’s time. Although Host Hotels has a solid portfolio of upscale hotels across lucrative markets, supply growth in the company’s key markets remains a concern. Moreover, the company anticipates third quarter results to be weaker than the first half. This is because of the impact of holiday shift — the Jewish holidays moving back from October to September, and tough comps related to the Olympics in Brazil in the third quarter last year.  “

HST has been the subject of several other reports. Boenning Scattergood reiterated a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. BidaskClub lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price objective on shares of Host Hotels & Resorts in a research report on Tuesday, October 17th. Finally, Barclays PLC reiterated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.00.

Shares of Host Hotels & Resorts (NYSE:HST) traded up 0.47% on Tuesday, hitting $19.39. 2,000,633 shares of the company’s stock traded hands. Host Hotels & Resorts has a 1-year low of $14.69 and a 1-year high of $20.21. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 24.00 and a beta of 1.33. The firm’s 50-day moving average price is $18.78 and its 200 day moving average price is $18.38.

COPYRIGHT VIOLATION WARNING: “Host Hotels & Resorts, Inc. (HST) Rating Lowered to Sell at Zacks Investment Research” was posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.com-unik.info/2017/10/31/host-hotels-resorts-inc-hst-rating-lowered-to-sell-at-zacks-investment-research.html.

A number of institutional investors and hedge funds have recently bought and sold shares of HST. Mckinley Capital Management LLC Delaware acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at $100,000. Penserra Capital Management LLC acquired a new position in Host Hotels & Resorts in the 3rd quarter valued at $177,000. Cambridge Investment Research Advisors Inc. acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at $190,000. Newman Dignan & Sheerar Inc. acquired a new position in Host Hotels & Resorts in the 3rd quarter valued at $194,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at $196,000.

About Host Hotels & 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.

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

What are top analysts saying about Host Hotels & Resorts Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Host Hotels & Resorts Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit