Raymond James Has Lowered Expectations for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by equities researchers at Raymond James from $23.00 to $20.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 17.34% from the company’s current price.

Several other research analysts also recently issued reports on HST. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group decreased their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Stock Up 4.0 %

Shares of HST traded up $0.66 during trading hours on Tuesday, hitting $17.05. The company had a trading volume of 9,056,023 shares, compared to its average volume of 7,343,132. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 16.55 and a beta of 1.30. The firm has a fifty day moving average price of $17.34 and a 200-day moving average price of $17.47. Host Hotels & Resorts has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Institutional Trading of Host Hotels & Resorts

Large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Host Hotels & Resorts during the 4th quarter worth $807,878,000. Deutsche Bank AG raised its holdings in Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company’s stock worth $170,855,000 after purchasing an additional 6,326,709 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after purchasing an additional 5,811,722 shares in the last quarter. Rush Island Management LP bought a new stake in Host Hotels & Resorts during the fourth quarter valued at about $99,402,000. Finally, Daiwa Securities Group Inc. increased its position in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.