Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.29.
Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Raymond James boosted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, March 15th. UBS Group reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Truist Financial boosted their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th.
Read Our Latest Report on Host Hotels & Resorts
Host Hotels & Resorts Stock Up 0.8 %
HST stock opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 6.66. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The firm has a fifty day moving average price of $19.42 and a two-hundred day moving average price of $19.27. The firm has a market cap of $12.90 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 1.61 and a beta of 1.32.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts predict that Host Hotels & Resorts will post 2 EPS for the current year.
Host Hotels & Resorts Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s payout ratio is presently 78.43%.
Insiders Place Their Bets
In other news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the transaction, the director now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
Institutional Investors Weigh In On Host Hotels & Resorts
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts during the first quarter worth $25,000. CVA Family Office LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $26,000. Riverview Trust Co bought a new position in shares of Host Hotels & Resorts in the first quarter valued at about $27,000. Parkside Financial Bank & Trust raised its holdings in Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Host Hotels & Resorts during the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.
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