Host Hotels & Resorts Inc. (NYSE:HST)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $17.50 target price on the stock, down from their previous target price of $18.50. Stifel Nicolaus’ price target points to a potential upside of 11.54% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Host Hotels & Resorts in a report on Sunday, June 26th. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Wednesday, July 13th. BTIG Research began coverage on shares of Host Hotels & Resorts in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Evercore ISI cut shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Finally, Royal Bank Of Canada cut shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $19.00 to $18.00 in a report on Monday, August 1st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.63.
Host Hotels & Resorts (NYSE:HST) opened at 15.69 on Friday. The stock has a market capitalization of $11.65 billion, a P/E ratio of 15.12 and a beta of 1.57. The stock has a 50 day moving average of $16.57 and a 200 day moving average of $16.40. Host Hotels & Resorts has a 52 week low of $12.17 and a 52 week high of $18.56.
Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Friday, July 29th. The company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Host Hotels & Resorts had a net margin of 14.34% and a return on equity of 10.97%. The company earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Host Hotels & Resorts will post $1.65 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a yield of 5.10%. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.
In other Host Hotels & Resorts news, SVP Brian G. Macnamara sold 5,000 shares of Host Hotels & Resorts stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $18.21, for a total transaction of $91,050.00. Following the sale, the senior vice president now owns 54,172 shares in the company, valued at $986,472.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory J. Larson sold 40,000 shares of Host Hotels & Resorts stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $18.22, for a total transaction of $728,800.00. Following the sale, the chief financial officer now owns 124,929 shares in the company, valued at approximately $2,276,206.38. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.
A number of large investors have recently bought and sold shares of HST. BB&T Securities LLC increased its stake in Host Hotels & Resorts by 26.0% in the first quarter. BB&T Securities LLC now owns 2,457,786 shares of the company’s stock worth $41,045,000 after buying an additional 506,634 shares in the last quarter. OMERS ADMINISTRATION Corp increased its stake in Host Hotels & Resorts by 558.2% in the first quarter. OMERS ADMINISTRATION Corp now owns 165,200 shares of the company’s stock worth $2,759,000 after buying an additional 140,100 shares in the last quarter. Associated Banc Corp increased its stake in Host Hotels & Resorts by 2.8% in the first quarter. Associated Banc Corp now owns 219,677 shares of the company’s stock worth $3,668,000 after buying an additional 6,067 shares in the last quarter. Aviva PLC increased its stake in shares of Host Hotels & Resorts by 1.2% in the first quarter. Aviva PLC now owns 384,641 shares of the company’s stock valued at $6,424,000 after buying an additional 4,455 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $3,698,000.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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