Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received an average rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $21.29.

Several equities research analysts have recently issued reports on HST shares. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Evercore ISI reduced 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 research note on Tuesday, August 13th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BROOKFIELD Corp ON purchased a new position in shares of Host Hotels & Resorts in the 1st quarter valued at $25,000. Blue Trust Inc. boosted its position in Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares in the last quarter. Riverview Trust Co purchased a new position in Host Hotels & Resorts in the first quarter valued at about $27,000. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts in the second quarter worth about $30,000. Finally, Mather Group LLC. purchased a new stake in shares of Host Hotels & Resorts during the first quarter valued at about $35,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 0.5 %

Shares of NASDAQ:HST opened at $17.58 on Tuesday. The company has a market cap of $12.39 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.58 and a beta of 1.32. Host Hotels & Resorts has a 12 month low of $14.92 and a 12 month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $17.56 and a 200 day moving average price of $17.86.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

About Host Hotels & Resorts

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.