Host Hotels and Resorts (NYSE:HST) Given a $20.00 Price Target by Stifel Nicolaus Analysts

Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts (NYSE:HST) in a research note released on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also weighed in on HST. BTIG Research lowered their target price on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a buy rating on the stock in a report on Thursday, June 27th. They noted that the move was a valuation call. Barclays reaffirmed a buy rating on shares of Host Hotels and Resorts in a report on Sunday, May 5th. Capital One Financial initiated coverage on shares of Host Hotels and Resorts in a report on Tuesday, June 25th. They issued an overweight rating and a $23.00 target price on the stock. Morgan Stanley set a $18.00 target price on shares of Host Hotels and Resorts and gave the stock a sell rating in a report on Friday, May 3rd. Finally, ValuEngine lowered shares of Host Hotels and Resorts from a hold rating to a sell rating in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. Host Hotels and Resorts has a consensus rating of Hold and an average price target of $20.82.

Host Hotels and Resorts stock traded down $0.16 on Wednesday, hitting $16.64. The company’s stock had a trading volume of 11,820,091 shares, compared to its average volume of 6,309,115. The firm has a fifty day simple moving average of $17.80. The company has a current ratio of 5.12, a quick ratio of 5.11 and a debt-to-equity ratio of 0.52. Host Hotels and Resorts has a one year low of $15.94 and a one year high of $21.94. The stock has a market capitalization of $12.45 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.89 and a beta of 1.13.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts predict that Host Hotels and Resorts will post 1.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Thursday, June 27th. Host Hotels and Resorts’s dividend payout ratio is currently 45.20%.

In other Host Hotels and Resorts news, Director Walter C. Rakowich sold 2,895 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $19.17, for a total transaction of $55,497.15. Following the sale, the director now owns 44,982 shares of the company’s stock, valued at approximately $862,304.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Manchester Financial Inc. acquired a new position in Host Hotels and Resorts during the 2nd quarter valued at about $27,000. Liberty Wealth Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter valued at about $34,000. FinTrust Capital Advisors LLC acquired a new position in Host Hotels and Resorts during the 2nd quarter valued at about $34,000. First Quadrant L P CA lifted its position in Host Hotels and Resorts by 828.6% during the 2nd quarter. First Quadrant L P CA now owns 2,563 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,287 shares during the period. Finally, Penserra Capital Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter valued at about $54,000. 97.59% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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