Host Hotels & Resorts (NASDAQ:HST) Upgraded to “Buy” by Compass Point

Compass Point upgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a neutral rating to a buy rating in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has $22.00 price objective on the stock, up from their previous price objective of $18.00.

Several other research analysts have also issued reports on HST. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Robert W. Baird reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Truist Financial cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Oppenheimer decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $21.27.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $18.04 on Thursday. Host Hotels & Resorts has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $17.40 and its two-hundred day moving average price is $18.00. The stock has a market cap of $12.72 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 78.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HST. BROOKFIELD Corp ON acquired a new stake in shares of Host Hotels & Resorts in the first quarter worth $25,000. Blue Trust Inc. grew its position in Host Hotels & Resorts by 212.7% in 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 during the last quarter. Riverview Trust Co bought a new position in shares of Host Hotels & Resorts during the 1st quarter worth about $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts during the second quarter valued at about $30,000. Finally, Mather Group LLC. bought a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $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.