Wells Fargo & Company Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its price target dropped by analysts at Wells Fargo & Company from $22.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 20.75% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.79.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.56 on Tuesday. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31. The firm’s fifty day simple moving average is $17.34 and its 200 day simple moving average is $17.47. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $11.58 billion, a PE ratio of 16.08 and a beta of 1.30.

Institutional Investors Weigh In On Host Hotels & Resorts

Several institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its stake in Host Hotels & Resorts by 49.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,728 shares of the company’s stock worth $136,000 after acquiring an additional 2,569 shares during the last quarter. Blue Trust Inc. lifted its stake in Host Hotels & Resorts by 626.1% in the third quarter. Blue Trust Inc. now owns 10,696 shares of the company’s stock valued at $192,000 after buying an additional 9,223 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in Host Hotels & Resorts by 27.1% in the third quarter. Resonant Capital Advisors LLC now owns 14,300 shares of the company’s stock valued at $255,000 after buying an additional 3,052 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Host Hotels & Resorts by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 769,531 shares of the company’s stock valued at $13,544,000 after buying an additional 11,577 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after buying an additional 1,198 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.