Host Hotels & Resorts (NYSE:HST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “Shares of Host Hotels & Resorts have outperformed the industry it belongs to, in the past six months. The stock has seen the Zacks Consensus Estimate for current-year funds from operations (FFO) per share being revised upward in a month’s time. Recently, Host Hotels reported first-quarter 2018 results which reflected margin improvement through better productivity. The company also raised its outlook for full-year 2018. It is likely to gain from its solid portfolio of upscale hotels across potential markets. Strategic capital-recycling program and a healthy balance sheet bode well for long-term growth. Further, management expects group business demand to be strong in the rest of the year with solid group booking pace. Nevertheless, supply growth, specifically in the company’s key markets, remains a concern. In addition to this, dilutive impact of asset sales cannot be bypassed. Also, rate hike adds to its woes.”

HST has been the topic of several other reports. Cantor Fitzgerald set a $21.00 price objective on Host Hotels & Resorts and gave the company a “buy” rating in a research note on Friday, February 23rd. ValuEngine lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. Royal Bank of Canada reiterated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Tuesday, March 6th. Robert W. Baird set a $21.00 price objective on Host Hotels & Resorts and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Boenning Scattergood set a $21.00 price objective on Host Hotels & Resorts and gave the company a “buy” rating in a research note on Friday, May 4th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $21.58.

HST stock opened at $20.31 on Wednesday. Host Hotels & Resorts has a 1-year low of $20.08 and a 1-year high of $20.44. The company has a market capitalization of $14.98 billion, a PE ratio of 12.10, a P/E/G ratio of 2.36 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.01 and a current ratio of 2.01.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.06). Host Hotels & Resorts had a net margin of 12.24% and a return on equity of 9.29%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. analysts forecast that Host Hotels & Resorts will post 1.71 earnings per share for the current year.

In other news, SVP Brian G. Macnamara sold 16,101 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $20.05, for a total value of $322,825.05. Following the transaction, the senior vice president now directly owns 69,607 shares of the company’s stock, valued at approximately $1,395,620.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth A. Abdoo sold 33,220 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $20.75, for a total value of $689,315.00. Following the completion of the transaction, the executive vice president now directly owns 247,729 shares in the company, valued at $5,140,376.75. The disclosure for this sale can be found here. Insiders sold a total of 51,575 shares of company stock worth $1,059,023 over the last three months. 1.40% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Host Hotels & Resorts by 4.5% during the 1st quarter. Legal & General Group Plc now owns 6,099,881 shares of the real estate investment trust’s stock worth $113,705,000 after buying an additional 260,298 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in Host Hotels & Resorts during the 1st quarter worth $1,025,000. Millennium Management LLC lifted its holdings in Host Hotels & Resorts by 74.4% during the 1st quarter. Millennium Management LLC now owns 4,370,483 shares of the real estate investment trust’s stock worth $81,466,000 after buying an additional 1,864,552 shares in the last quarter. Zimmer Partners LP lifted its holdings in Host Hotels & Resorts by 6,312.8% during the 1st quarter. Zimmer Partners LP now owns 1,904,600 shares of the real estate investment trust’s stock worth $35,502,000 after buying an additional 1,874,900 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in Host Hotels & Resorts during the 1st quarter worth $462,000.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 87 properties in the United States and six properties internationally totaling approximately 52,000 rooms.

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

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