Host Hotels and Resorts Inc (NYSE:HST) Given Average Rating of “Buy” by Brokerages

Shares of Host Hotels and Resorts Inc (NYSE:HST) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $20.83.

HST has been the topic of several analyst reports. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, March 19th. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a report on Sunday, May 5th. Morgan Stanley set a $18.00 price objective on Host Hotels and Resorts and gave the stock a “sell” rating in a report on Friday, May 3rd. Wolfe Research downgraded Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price objective on the stock. in a report on Tuesday, March 12th. Finally, Capital One Financial initiated coverage on Host Hotels and Resorts in a report on Tuesday. They set an “overweight” rating and a $23.00 price objective on the stock.

In other news, VP Nathan S. Tyrrell sold 1,685 shares of Host Hotels and Resorts stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.73, for a total value of $33,245.05. Following the completion of the transaction, the vice president now owns 162,713 shares in the company, valued at approximately $3,210,327.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 2,895 shares of Host Hotels and Resorts stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $55,497.15. Following the completion of the transaction, the director now owns 44,982 shares of the company’s stock, valued at approximately $862,304.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter valued at approximately $34,000. Doyle Wealth Management acquired a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $33,000. Pearl River Capital LLC acquired a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $39,000. Penserra Capital Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter valued at approximately $54,000. Finally, Bessemer Group Inc. boosted its position in Host Hotels and Resorts by 99.6% during the 4th quarter. Bessemer Group Inc. now owns 3,086 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,540 shares during the period. Institutional investors own 97.08% of the company’s stock.

Shares of NYSE:HST traded up $0.08 during mid-day trading on Friday, hitting $17.88. 239,586 shares of the company traded hands, compared to its average volume of 7,073,992. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 1.97 and a beta of 1.17. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. Host Hotels and Resorts has a 52-week low of $15.94 and a 52-week high of $22.06. The stock’s 50 day moving average price is $18.68.

Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, equities analysts expect that Host Hotels and Resorts will post 1.81 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. Host Hotels and Resorts’s payout ratio is 45.20%.

About Host Hotels and Resorts

Host Hotels & Resorts, Inc is an S&P 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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