Host Hotels & Resorts (NASDAQ:HST) Rating Lowered to Sell at StockNews.com

Host Hotels & Resorts (NASDAQ:HST) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

Several other equities analysts have also recently issued reports on HST. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Finally, Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.

Host Hotels & Resorts Stock Performance

HST traded up $0.01 during midday trading on Friday, hitting $18.01. 8,591,495 shares of the company traded hands, compared to its average volume of 5,947,194. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $12.65 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The company’s 50-day moving average is $17.65 and its 200 day moving average is $17.76. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. LSV Asset Management boosted its stake in Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares during the period. Daiwa Securities Group Inc. boosted its stake in Host Hotels & Resorts by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after buying an additional 489,415 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after buying an additional 1,339,458 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Host Hotels & Resorts by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock valued at $104,014,000 after purchasing an additional 63,669 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Host Hotels & Resorts by 2.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,768,029 shares of the company’s stock valued at $66,317,000 after purchasing an additional 73,198 shares during the period. 98.52% of the stock is 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.