Host Hotels & Resorts (NASDAQ:HST) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Host Hotels & Resorts (NASDAQ:HST) had its price target lifted by stock analysts at Wells Fargo & Company from $19.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 14.01% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Oppenheimer reduced their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Evercore ISI dropped their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $21.32.

Host Hotels & Resorts Stock Up 0.9 %

Shares of NASDAQ HST opened at $18.42 on Tuesday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.65 and a beta of 1.32. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm’s fifty day moving average is $17.81 and its 200 day moving average is $17.66. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts expect that Host Hotels & Resorts will post 1.94 earnings per share for the current year.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its stake in Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after buying an additional 950,431 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after buying an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of 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 acquiring an additional 5,466,629 shares during the period. Charles Schwab Investment Management Inc. increased its position in Host Hotels & Resorts by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after acquiring an additional 181,103 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after acquiring an additional 965,100 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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.