Host Hotels & Resorts, Inc. (HST) Earns Buy Rating from Robert W. Baird

Robert W. Baird reiterated their buy rating on shares of Host Hotels & Resorts, Inc. (NYSE:HST) in a research note published on Friday morning. Robert W. Baird currently has a $20.00 price objective on the real estate investment trust’s stock.

A number of other equities analysts have also issued reports on HST. BidaskClub lowered shares of Host Hotels & Resorts from a buy rating to a hold rating in a research report on Friday, August 11th. Zacks Investment Research lowered shares of Host Hotels & Resorts from a buy rating to a hold rating in a research report on Monday, July 31st. Boenning Scattergood upgraded shares of Host Hotels & Resorts from a neutral rating to an outperform rating and set a $20.00 target price on the stock in a research report on Thursday, August 24th. Barclays PLC reiterated a hold rating and set a $20.00 target price on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $20.00 target price on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $18.33.

Host Hotels & Resorts (NYSE:HST) opened at 18.15 on Friday. The firm has a market cap of $13.43 billion, a price-to-earnings ratio of 22.46 and a beta of 1.33. The company’s 50 day moving average is $18.06 and its 200-day moving average is $18.24. Host Hotels & Resorts has a 1-year low of $14.69 and a 1-year high of $20.21.

Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the business earned $0.49 earnings per share. Host Hotels & Resorts’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Host Hotels & Resorts will post $0.79 EPS for the current fiscal year.

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In related news, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total value of $58,341.69. Following the transaction, the executive vice president now directly owns 43,035 shares in the company, valued at $818,095.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in HST. BlackRock Inc. lifted its holdings in Host Hotels & Resorts by 2,288.8% in the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock valued at $1,370,925,000 after buying an additional 70,393,061 shares during the period. Principal Financial Group Inc. increased its stake in Host Hotels & Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock valued at $176,164,000 after purchasing an additional 4,738,572 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Host Hotels & Resorts by 193.4% in the first quarter. Ameriprise Financial Inc. now owns 5,453,923 shares of the real estate investment trust’s stock valued at $101,805,000 after purchasing an additional 3,595,166 shares in the last quarter. Vanguard Group Inc. increased its stake in Host Hotels & Resorts by 2.1% in the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock valued at $2,430,872,000 after purchasing an additional 2,703,678 shares in the last quarter. Finally, Systematic Financial Management LP bought a new stake in Host Hotels & Resorts in the first quarter valued at approximately $36,899,000.

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.

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

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