Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Has Average Target Price of $25.55 According to Analysts

Host Hotels & Resorts, Inc. (NASDAQ:HST) has been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $25.55.

Several equities research analysts recently commented on HST shares. Cantor Fitzgerald boosted their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Barclays lifted their target price on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Finally, Evercore set a $26.00 target price on shares of Host Hotels & Resorts in a research report on Monday, October 26th.

Insider Buying and Selling

In related news, EVP Sourav Ghosh sold 93,863 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $24.76, for a total transaction of $2,324,047.88. Following the completion of the sale, the executive vice president owned 418,147 shares in the company, valued at $10,353,319.72. This trade represents a 18.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary Baglivo sold 13,963 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $24.47, for a total value of $341,674.61. Following the transaction, the director owned 2,468 shares of the company’s stock, valued at $60,391.96. The trade was a 84.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 224,174 shares of company stock valued at $5,472,826 over the last ninety days. 1.50% of the stock is owned by company insiders.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds have recently modified their holdings of HST. Advisors Asset Management Inc. bought a new position in shares of Host Hotels & Resorts in the 3rd quarter valued at $45,000. Root Financial Partners LLC acquired a new stake in shares of Host Hotels & Resorts during the 3rd quarter worth approximately $50,000. Provenance Wealth Advisors LLC increased its stake in shares of Host Hotels & Resorts by 12,526.1% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 2,904 shares of the company’s stock valued at $65,000 after acquiring an additional 2,881 shares in the last quarter. Addison Advisors LLC increased its stake in shares of Host Hotels & Resorts by 42,528.6% in the 3rd quarter. Addison Advisors LLC now owns 2,984 shares of the company’s stock valued at $67,000 after acquiring an additional 2,977 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in Host Hotels & Resorts in the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $25.50 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 5.79 and a debt-to-equity ratio of 0.80. The firm has a market cap of $17.47 billion, a PE ratio of 18.61, a P/E/G ratio of 3.58 and a beta of 1.09. The business has a fifty day simple moving average of $23.57 and a 200-day simple moving average of $22.26. Host Hotels & Resorts has a fifty-two week low of $16.77 and a fifty-two week high of $26.19.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Host Hotels & Resorts had a return on equity of 14.33% and a net margin of 15.01%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. Host Hotels & Resorts’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts predict that Host Hotels & Resorts will post 2.20 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 58.39%.

About Host Hotels & Resorts

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.