JPMorgan Chase & Co. Raises Host Hotels & Resorts (NASDAQ:HST) Price Target to $18.00

Host Hotels & Resorts (NASDAQ:HST) had its price target boosted by research analysts at JPMorgan Chase & Co. from $17.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 0.90% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday. Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Friday. Finally, Stifel Nicolaus raised their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Host Hotels & Resorts Trading Up 3.0%

Shares of Host Hotels & Resorts stock traded up $0.52 on Friday, hitting $17.84. The stock had a trading volume of 14,670,304 shares, compared to its average volume of 9,477,599. The stock’s 50-day simple moving average is $16.89 and its two-hundred day simple moving average is $16.05. Host Hotels & Resorts has a one year low of $12.22 and a one year high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 18.98 and a beta of 1.36.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Host Hotels & Resorts during the second quarter worth $554,669,000. Invesco Ltd. raised its position in shares of Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after acquiring an additional 2,503,550 shares in the last quarter. Geode Capital Management LLC lifted its stake in Host Hotels & Resorts by 2.6% during the second quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company’s stock worth $398,425,000 after purchasing an additional 636,983 shares during the last quarter. Centersquare Investment Management LLC increased its stake in Host Hotels & Resorts by 1.7% in the first quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock valued at $159,661,000 after purchasing an additional 183,653 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Host Hotels & Resorts by 3.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,734,333 shares of the company’s stock worth $164,879,000 after purchasing an additional 341,915 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.