Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $20.00
by Scott Moore · The Cerbat GemHost Hotels & Resorts (NASDAQ:HST – Free Report) had its price target increased by JPMorgan Chase & Co. from $18.00 to $20.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
HST has been the topic of several other reports. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $22.00 in a report on Friday, November 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Host Hotels & Resorts in a research note on Tuesday, January 13th. Barclays began coverage on Host Hotels & Resorts in a research report on Tuesday, January 6th. They set an “equal weight” rating and a $19.00 target price for the company. Evercore ISI cut shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target on the stock. in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.32.
Read Our Latest Research Report on Host Hotels & Resorts
Host Hotels & Resorts Trading Down 0.6%
HST stock opened at $18.70 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts has a 1-year low of $12.22 and a 1-year high of $19.30. The business has a 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $17.14. The company has a market capitalization of $12.86 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.21 and a beta of 1.18.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. Host Hotels & Resorts had a net margin of 12.43% and a return on equity of 11.11%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Research analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The company also recently disclosed an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.15 per share. This represents a yield of 85.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Host Hotels & Resorts’s payout ratio is presently 76.19%.
Insiders Place Their Bets
In other news, EVP Nathan S. Tyrrell sold 11,954 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $18.15, for a total value of $216,965.10. Following the sale, the executive vice president owned 668,927 shares of the company’s stock, valued at approximately $12,141,025.05. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by company insiders.
Hedge Funds Weigh In On Host Hotels & Resorts
Several hedge funds have recently bought and sold shares of HST. Norges Bank purchased a new stake in shares of Host Hotels & Resorts during the second quarter valued at $554,669,000. Geode Capital Management LLC boosted its position in Host Hotels & Resorts by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company’s stock valued at $398,425,000 after buying an additional 636,983 shares during the period. Invesco Ltd. grew its stake in Host Hotels & Resorts by 9.7% in the 3rd quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after acquiring an additional 2,217,322 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Host Hotels & Resorts by 3.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,734,333 shares of the company’s stock worth $164,879,000 after acquiring an additional 341,915 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Host Hotels & Resorts by 96.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company’s stock worth $176,845,000 after acquiring an additional 5,096,099 shares during the period. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
See Also
- Five stocks we like better than Host Hotels & Resorts
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- The $100 Trillion AI Story No One Is Telling You
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps