Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price target decreased by Truist Financial from $23.00 to $20.00 in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a hold rating on the stock.

HST has been the subject of a number of other reports. Evercore ISI decreased their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an outperform rating for the company in a report on Tuesday, August 13th. Stifel Nicolaus decreased their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating for the company in a report on Thursday, August 1st. Barclays decreased their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a neutral rating to an underweight rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Oppenheimer cut their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an outperform rating for the company in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $21.31.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $16.73 on Wednesday. The firm has a market cap of $11.80 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The stock’s 50-day moving average is $17.24 and its 200-day moving average is $18.58. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.78%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BROOKFIELD Corp ON acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth approximately $25,000. Blue Trust Inc. grew its position in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth approximately $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.