Host Hotels and Resorts (HST) Upgraded to “Outperform” by Raymond James Financial

Host Hotels and Resorts (NYSE:HST) was upgraded by Raymond James Financial from a “market perform” rating to an “outperform” rating in a research report issued on Monday, Marketbeat Ratings reports. The firm currently has a $22.00 target price on the real estate investment trust’s stock. Raymond James Financial’s price objective indicates a potential upside of 7.63% from the stock’s current price.

Several other equities analysts have also recently weighed in on HST. SunTrust Banks reaffirmed a “hold” rating on shares of Host Hotels and Resorts in a research report on Tuesday, October 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Host Hotels and Resorts in a research report on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Boenning Scattergood reaffirmed a “buy” rating and issued a $20.00 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Finally, Wolfe Research began coverage on shares of Host Hotels and Resorts in a research report on Wednesday, November 29th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and a consensus target price of $20.35.

Shares of Host Hotels and Resorts (HST) traded up $0.05 during midday trading on Monday, reaching $20.44. 8,968,500 shares of the company traded hands, compared to its average volume of 6,036,333. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.65. The company has a market cap of $15,260.00, a PE ratio of 25.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the firm earned $0.37 EPS. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. equities analysts predict that Host Hotels and Resorts will post 1.66 EPS for the current fiscal year.

In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 60,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,454,107.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

A number of large investors have recently bought and sold shares of HST. Pacer Advisors Inc. increased its stake in Host Hotels and Resorts by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 18,182 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 1,399 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Host Hotels and Resorts in the 2nd quarter valued at about $190,000. Oppenheimer Asset Management Inc. increased its stake in Host Hotels and Resorts by 4.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 51,421 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 2,340 shares during the last quarter. Aberdeen Asset Management PLC UK increased its stake in Host Hotels and Resorts by 23.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 254,704 shares of the real estate investment trust’s stock valued at $4,653,000 after buying an additional 48,741 shares during the last quarter. Finally, Chemical Bank increased its stake in Host Hotels and Resorts by 17.7% in the 2nd quarter. Chemical Bank now owns 35,765 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 5,390 shares during the last quarter.

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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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