Host Hotels & Resorts (NASDAQ:HST) Upgraded by Compass Point to Buy Rating

Compass Point upgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat.com reports. Compass Point currently has $22.00 price target on the stock, up from their prior price target of $18.00.

Other research analysts also recently issued reports about the company. UBS Group upped their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday. Truist Financial boosted their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Finally, Morgan Stanley restated an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.38.

Host Hotels & Resorts Stock Up 3.0%

NASDAQ HST traded up $0.52 during midday trading on Friday, hitting $17.84. 14,670,440 shares of the company traded hands, compared to its average volume of 9,477,641. Host Hotels & Resorts has a 52 week low of $12.22 and a 52 week high of $19.36. The company’s 50-day simple moving average is $16.91 and its 200-day simple moving average is $16.08. The company has a market cap of $12.27 billion, a PE ratio of 18.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business posted $0.36 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. As a group, equities research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. Host Hotels & Resorts’s payout ratio is presently 76.19%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently made changes to their positions in the company. Armstrong Advisory Group Inc. grew its stake in Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock valued at $26,000 after acquiring an additional 1,516 shares during the period. CYBER HORNET ETFs LLC purchased a new position in Host Hotels & Resorts during the second quarter valued at $29,000. Hantz Financial Services Inc. grew its position in shares of Host Hotels & Resorts by 234.1% in the third quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after purchasing an additional 1,339 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Host Hotels & Resorts during the third quarter worth about $34,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Host Hotels & Resorts during the second quarter worth about $32,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.