Host Hotels & Resorts (NASDAQ:HST) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Host Hotels & Resorts (NASDAQ:HST) had its target price increased by Wells Fargo & Company from $19.00 to $21.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also recently issued reports on HST. Robert W. Baird dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus dropped their target price on 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. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Evercore ISI dropped their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $18.43 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. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31. The company has a 50-day simple moving average of $17.83 and a 200-day simple moving average of $17.67. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share 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 analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts predict that Host Hotels & Resorts will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC lifted its holdings in shares of Host Hotels & Resorts by 27.1% in the third quarter. Tidal Investments LLC now owns 31,038 shares of the company’s stock valued at $546,000 after purchasing an additional 6,611 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Host Hotels & Resorts in the 3rd quarter valued at approximately $182,000. Sanctuary Advisors LLC grew its holdings in Host Hotels & Resorts by 23.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company’s stock valued at $467,000 after buying an additional 4,870 shares during the last quarter. Invst LLC increased its position in Host Hotels & Resorts by 6.7% during the third quarter. Invst LLC now owns 37,581 shares of the company’s stock worth $661,000 after buying an additional 2,376 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in shares of Host Hotels & Resorts by 1.1% in the third quarter. Toronto Dominion Bank now owns 353,593 shares of the company’s stock worth $6,223,000 after acquiring an additional 3,827 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

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.