Host Hotels & Resorts, Inc. (NYSE:HST)‘s stock had its “hold” rating reaffirmed by Barclays PLC in a research report issued on Friday, July 28th. They currently have a $20.00 price objective on the real estate investment trust’s stock. Barclays PLC’s target price would suggest a potential upside of 11.30% from the stock’s current price.
Several other analysts have also issued reports on HST. JMP Securities reaffirmed a “market perform” rating on shares of Host Hotels & Resorts in a research note on Friday, April 7th. Goldman Sachs Group, Inc. (The) raised Host Hotels & Resorts from a “sell” rating to a “neutral” rating and upped their target price for the stock from $16.00 to $17.00 in a research note on Monday, April 10th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Host Hotels & Resorts in a research note on Wednesday, April 12th. Royal Bank Of Canada reiterated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. Finally, BidaskClub upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $18.44.
Shares of Host Hotels & Resorts (NYSE:HST) traded down 1.32% during mid-day trading on Friday, hitting $17.97. 5,068,160 shares of the stock traded hands. The firm has a market capitalization of $13.30 billion, a P/E ratio of 22.24 and a beta of 1.33. The company’s 50 day moving average is $18.49 and its 200 day moving average is $18.31. Host Hotels & Resorts has a one year low of $14.69 and a one year high of $20.21.
Host Hotels & Resorts (NYSE:HST) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. Host Hotels & Resorts’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. On average, equities analysts expect that Host Hotels & Resorts will post $0.79 EPS for the current fiscal year.
In related news, Director Walter C. Rakowich sold 2,828 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $17.59, for a total transaction of $49,744.52. Following the sale, the director now directly owns 23,584 shares of the company’s stock, valued at $414,842.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 43,035 shares in the company, valued at $818,095.35. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in HST. Davis Selected Advisers boosted its stake in Host Hotels & Resorts by 0.5% in the second quarter. Davis Selected Advisers now owns 538,387 shares of the real estate investment trust’s stock valued at $9,836,000 after buying an additional 2,452 shares during the period. LSV Asset Management boosted its stake in Host Hotels & Resorts by 90.5% in the second quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock valued at $52,095,000 after buying an additional 1,354,500 shares during the period. Ffcm LLC boosted its stake in Host Hotels & Resorts by 6.4% in the second quarter. Ffcm LLC now owns 42,167 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 2,533 shares during the period. Synovus Financial Corp acquired a new stake in Host Hotels & Resorts during the second quarter valued at approximately $277,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Host Hotels & Resorts by 4.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 51,421 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 2,340 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.
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