Host Hotels & Resorts, Inc. (HST) Lifted to “Buy” at Deutsche Bank AG

Host Hotels & Resorts, Inc. (NYSE:HST) was upgraded by Deutsche Bank AG from a “hold” rating to a “buy” rating in a report released on Thursday.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Boenning Scattergood reissued a “buy” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a research note on Friday, September 22nd. Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a research note on Friday, September 8th. Finally, Barclays PLC reissued a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.55.

Host Hotels & Resorts (HST) opened at 18.67 on Thursday. The firm has a 50 day moving average of $18.20 and a 200-day moving average of $18.28. Host Hotels & Resorts has a 52-week low of $14.69 and a 52-week high of $20.21. The stock has a market cap of $13.82 billion, a PE ratio of 23.11 and a beta of 1.33.

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 for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities analysts anticipate that Host Hotels & Resorts will post $0.78 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of HST. BlackRock Inc. increased its stake in Host Hotels & Resorts by 2,288.8% in the 1st quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock worth $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 2nd quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock worth $176,164,000 after buying an additional 4,738,572 shares during the period. Point72 Asset Management L.P. purchased a new position in Host Hotels & Resorts in the 1st quarter worth about $34,399,000. LSV Asset Management increased its stake in Host Hotels & Resorts by 90.5% in the 2nd quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock worth $52,095,000 after buying an additional 1,354,500 shares during the period. Finally, State Street Corp increased its stake in Host Hotels & Resorts by 2.8% in the 1st quarter. State Street Corp now owns 45,819,298 shares of the real estate investment trust’s stock worth $854,991,000 after buying an additional 1,259,363 shares during the period.

Host Hotels & Resorts Company Profile

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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