Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.20.

Several equities analysts recently commented on HST shares. Truist Financial upped their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group upped their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays upped their target price on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and increased their price objective for the company from $18.00 to $23.00 in a research note on Monday, January 8th. Finally, JPMorgan Chase & Co. raised shares of Host Hotels & Resorts from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 14th.

View Our Latest Stock Analysis on HST

Insider Buying and Selling

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Czech National Bank increased its position in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after acquiring an additional 569 shares in the last quarter. Cornercap Investment Counsel Inc. increased its position in Host Hotels & Resorts by 0.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock valued at $1,613,000 after acquiring an additional 610 shares in the last quarter. Eagle Strategies LLC increased its position in Host Hotels & Resorts by 2.9% in the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after acquiring an additional 617 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Host Hotels & Resorts by 16.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock valued at $92,000 after acquiring an additional 627 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in shares of Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after buying an additional 639 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $20.35 on Friday. The firm has a fifty day simple moving average of $20.32 and a 200-day simple moving average of $18.66. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.79 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. Host Hotels & Resorts’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, sell-side analysts expect that Host Hotels & Resorts will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.93%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is 76.92%.

About Host Hotels & Resorts

(Get Free Report

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.

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Analyst Recommendations for Host Hotels & Resorts (NASDAQ:HST)

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