Truist Financial Trims Host Hotels & Resorts (NASDAQ:HST) Target Price to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price target trimmed by Truist Financial from $23.00 to $20.00 in a research note published on Wednesday, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities analysts also recently issued reports on the company. Evercore ISI cut their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an outperform rating for the company in a research note on Tuesday, August 13th. Wedbush reissued an outperform rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Barclays lowered their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating on the stock in a research note on Thursday, May 30th. Compass Point cut shares of Host Hotels & Resorts from a buy rating to a neutral rating and reduced their price objective for the company from $25.00 to $18.00 in a research note on Thursday, August 1st. Finally, Oppenheimer decreased their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an outperform rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of Moderate Buy and an average target price of $21.31.

Host Hotels & Resorts Trading Down 2.5 %

Shares of Host Hotels & Resorts stock opened at $16.93 on Wednesday. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 16.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.33. Host Hotels & Resorts has a 52-week low of $14.92 and a 52-week high of $21.31. The company’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $18.61. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.73%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Institutional Investors Weigh In On Host Hotels & Resorts

Several hedge funds have recently modified their holdings of the company. BROOKFIELD Corp ON purchased a new position in shares of Host Hotels & Resorts during the first quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares during the period. Riverview Trust Co acquired a new position in Host Hotels & Resorts in the 1st quarter valued at $27,000. Global X Japan Co. Ltd. purchased a new position in shares of Host Hotels & Resorts during the 2nd quarter worth $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth $35,000. 98.52% of the stock is owned by institutional investors and hedge funds.

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.