Analysts Set Host Hotels and Resorts Inc (HST) Price Target at $21.86

Shares of Host Hotels and Resorts Inc (NYSE:HST) have been assigned an average rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.85.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Wells Fargo & Co set a $22.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Finally, Deutsche Bank set a $23.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Saturday, November 3rd.

A number of institutional investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc boosted its position in Host Hotels and Resorts by 3.6% in the 2nd quarter. CIBC Asset Management Inc now owns 70,668 shares of the real estate investment trust’s stock valued at $1,489,000 after buying an additional 2,450 shares during the period. Sawtooth Solutions LLC raised its holdings in shares of Host Hotels and Resorts by 12.3% in the 2nd quarter. Sawtooth Solutions LLC now owns 23,508 shares of the real estate investment trust’s stock valued at $495,000 after purchasing an additional 2,569 shares in the last quarter. Federated Investors Inc. PA raised its holdings in shares of Host Hotels and Resorts by 4.0% in the 2nd quarter. Federated Investors Inc. PA now owns 67,542 shares of the real estate investment trust’s stock valued at $1,423,000 after purchasing an additional 2,570 shares in the last quarter. Atria Investments LLC raised its holdings in shares of Host Hotels and Resorts by 2.2% in the 3rd quarter. Atria Investments LLC now owns 121,340 shares of the real estate investment trust’s stock valued at $2,560,000 after purchasing an additional 2,601 shares in the last quarter. Finally, Cynosure Advisors LLC raised its holdings in shares of Host Hotels and Resorts by 19.4% in the 2nd quarter. Cynosure Advisors LLC now owns 16,358 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 2,659 shares in the last quarter. 97.85% of the stock is owned by institutional investors.

Shares of Host Hotels and Resorts stock traded down $0.46 during trading hours on Monday, reaching $18.39. The company’s stock had a trading volume of 6,344,341 shares, compared to its average volume of 4,917,561. Host Hotels and Resorts has a one year low of $17.93 and a one year high of $22.47. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.55. The company has a market cap of $13.99 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts expect that Host Hotels and Resorts will post 1.76 earnings per share for the current fiscal year.

About Host Hotels and Resorts

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

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