Host Hotels & Resorts’ (HST) “Hold” Rating Reiterated at Barclays PLC
Barclays PLC restated their hold rating on shares of Host Hotels & Resorts, Inc. (NYSE:HST) in a research note issued to investors on Friday morning. Barclays PLC currently has a $20.00 price objective on the real estate investment trust’s stock.
Several other analysts have also commented on the company. Boenning Scattergood reiterated a hold rating on shares of Host Hotels & Resorts in a report on Friday. Zacks Investment Research lowered Host Hotels & Resorts from a buy rating to a hold rating in a report on Friday, July 14th. BidaskClub lowered Host Hotels & Resorts from a buy rating to a hold rating in a report on Tuesday, July 11th. Royal Bank Of Canada reiterated a hold rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. Finally, Goldman Sachs Group, Inc. (The) upgraded Host Hotels & Resorts from a sell rating to a neutral rating and increased their price objective for the company from $16.00 to $17.00 in a report on Monday, April 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $18.44.
Shares of Host Hotels & Resorts (NYSE:HST) opened at 18.66 on Friday. Host Hotels & Resorts has a 12-month low of $14.69 and a 12-month high of $20.21. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 23.09 and a beta of 1.33. The firm has a 50 day moving average price of $18.48 and a 200-day moving average price of $18.30.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a return on equity of 8.43% and a net margin of 11.09%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts will post $0.75 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Wednesday, June 28th. Host Hotels & Resorts’s dividend payout ratio is currently 100.00%.
In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 2,828 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $17.59, for a total transaction of $49,744.52. Following the sale, the director now directly owns 23,584 shares of the company’s stock, valued at approximately $414,842.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the sale, the executive vice president now directly owns 43,035 shares in the company, valued at $818,095.35. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in HST. Harbour Capital Advisors LLC boosted its stake in Host Hotels & Resorts by 1,727.0% in the second quarter. Harbour Capital Advisors LLC now owns 3,727 shares of the real estate investment trust’s stock valued at $204,000 after buying an additional 3,523 shares during the period. Muzinich & Co. Inc. purchased a new stake in Host Hotels & Resorts during the first quarter valued at $127,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at $132,000. Creative Planning boosted its stake in Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 136 shares during the period. Finally, Global X Management Co. LLC boosted its stake in Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 2,556 shares during the period.
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.
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