Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $19.00 at Citigroup

Host Hotels & Resorts (NASDAQ:HST) had its target price reduced by investment analysts at Citigroup from $21.00 to $19.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 24.06% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $20.12.

Host Hotels & Resorts Price Performance

Shares of HST traded up $0.41 during mid-day trading on Monday, reaching $15.32. The company had a trading volume of 3,580,790 shares, compared to its average volume of 7,012,129. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a market capitalization of $10.71 billion, a P/E ratio of 15.47 and a beta of 1.30. Host Hotels & Resorts has a twelve month low of $14.47 and a twelve month high of $21.27. The company’s 50-day moving average is $16.52 and its 200-day moving average is $17.39.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, equities analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Trading of Host Hotels & Resorts

A number of large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its holdings in Host Hotels & Resorts by 58.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company’s stock worth $616,000 after purchasing an additional 12,859 shares during the last quarter. CIBC Asset Management Inc lifted its position in Host Hotels & Resorts by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 102,581 shares of the company’s stock worth $1,805,000 after buying an additional 7,672 shares in the last quarter. Swiss National Bank boosted its stake in shares of Host Hotels & Resorts by 0.4% during the 3rd quarter. Swiss National Bank now owns 2,091,679 shares of the company’s stock worth $36,814,000 after buying an additional 8,700 shares during the last quarter. GLOBALT Investments LLC GA bought a new position in shares of Host Hotels & Resorts in the 3rd quarter valued at about $561,000. Finally, LMR Partners LLP acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at about $4,775,000. 98.52% of the stock is owned by institutional investors.

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.