Cantor Fitzgerald restated their buy rating on shares of Host Hotels & Resorts, Inc. (NYSE:HST) in a research report sent to investors on Monday morning. They currently have a $21.00 price objective on the real estate investment trust’s stock.

“3Q Recap. Adjusted FFO/sh. for 3Q17 was $0.33 and adjusted EBITDA of $317m was about 1.4% higher than Cantor. Comparable hotel EBITDA margins declined 75bps due to tough y/y comps in Brazil and hurricanes that accounts for 85% of the decline. Total comparable RevPAR declined 1.8% (in-line with company’s expectations) due to negative impact of 110bps from Brazil portfolio reflecting tough y/y comps, a 45bps negative impact as a result of hurricanes (before hurricanes, the company was ahead of its expectations) and holiday shift. ADR was down 1.5% and occupancy down 30bps. Transient demand was up 1.3% while group demand was down 7.0% and as a result transient rates were down 2.3% and transient revenues down 1.0%. Company’s outlook for its 2018 group business is positive. The company expects 4Q to be relatively strong.”,” Cantor Fitzgerald’s analyst wrote.

HST has been the subject of several other reports. Boenning Scattergood reissued a hold rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. Robert W. Baird reissued a buy rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, October 12th. BidaskClub cut shares of Host Hotels & Resorts from a buy rating to a hold rating in a report on Tuesday, July 11th. Wells Fargo & Company raised shares of Host Hotels & Resorts from a market perform rating to an outperform rating and set a $21.00 price objective for the company in a report on Monday. Finally, Stifel Nicolaus reissued a buy rating and set a $19.00 price objective on shares of Host Hotels & Resorts in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Host Hotels & Resorts currently has an average rating of Hold and a consensus price target of $19.50.

Shares of Host Hotels & Resorts (HST) remained flat at $$19.79 during trading on Monday. The stock had a trading volume of 5,910,189 shares, compared to its average volume of 6,730,000. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14,640.00, a PE ratio of 11.75, a PEG ratio of 2.36 and a beta of 1.29. Host Hotels & Resorts has a 12-month low of $15.29 and a 12-month high of $20.21.

Host Hotels & Resorts (NYSE:HST) last issued its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.33. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Host Hotels & Resorts had a net margin of 11.11% and a return on equity of 8.44%. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. analysts predict that Host Hotels & Resorts will post 1.66 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.04%. Host Hotels & Resorts’s payout ratio is currently 98.77%.

Several institutional investors and hedge funds have recently bought and sold shares of HST. Principal Financial Group Inc. boosted its position in shares of Host Hotels & Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock worth $176,164,000 after purchasing an additional 4,738,572 shares during the period. BlackRock Inc. boosted its position in shares of Host Hotels & Resorts by 3.7% in the second quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock worth $1,391,737,000 after purchasing an additional 2,707,618 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Host Hotels & Resorts by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock worth $358,876,000 after purchasing an additional 2,094,813 shares during the period. LSV Asset Management boosted its position in shares of Host Hotels & Resorts by 90.5% in the second quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock worth $52,095,000 after purchasing an additional 1,354,500 shares during the period. Finally, Resolution Capital Ltd bought a new position in shares of Host Hotels & Resorts in the third quarter worth approximately $24,072,000.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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