Wells Fargo & Company Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by investment analysts at Wells Fargo & Company from $21.00 to $19.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 9.07% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Barclays decreased their target price on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. Evercore ISI reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.06.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $17.42 on Friday. The firm has a 50-day moving average price of $17.18 and a 200 day moving average price of $18.46. The firm has a market capitalization of $12.28 billion, a PE ratio of 17.08, a P/E/G ratio of 1.51 and a beta of 1.32. 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 has a 52-week low of $14.92 and a 52-week high of $21.31.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds have recently made changes to their positions in the stock. Czech National Bank lifted its position in shares of Host Hotels & Resorts by 0.5% in the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after purchasing an additional 569 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in Host Hotels & Resorts by 3.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after acquiring an additional 579 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Host Hotels & Resorts by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after acquiring an additional 584 shares in the last quarter. Covestor Ltd raised its position in Host Hotels & Resorts by 16.1% during the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after acquiring an additional 618 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Host Hotels & Resorts by 16.3% during the first 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. 98.52% of the stock is owned by hedge funds and other institutional investors.

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.