BTIG Research Upgrades Host Hotels and Resorts (HST) to “Buy”

Host Hotels and Resorts (NYSE:HST) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $22.00 price objective on the real estate investment trust’s stock. BTIG Research’s price target would suggest a potential upside of 11.51% from the stock’s current price.

Several other equities analysts have also issued reports on HST. BidaskClub lowered Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Boenning Scattergood upgraded Host Hotels and Resorts from a “neutral” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and set a $20.00 target price on shares of Host Hotels and Resorts in a research report on Friday, September 8th. Deutsche Bank upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $21.00 in a research report on Thursday, October 12th. Finally, Stifel Nicolaus restated a “buy” rating and set a $19.00 target price on shares of Host Hotels and Resorts in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Host Hotels and Resorts currently has an average rating of “Hold” and a consensus price target of $20.19.

Host Hotels and Resorts (HST) opened at $19.73 on Monday. The stock has a market capitalization of $14,439.12, a PE ratio of 11.68, a PEG ratio of 2.35 and a beta of 1.28. Host Hotels and Resorts has a 12-month low of $17.26 and a 12-month high of $20.23. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. equities research analysts predict that Host Hotels and Resorts will post 1.66 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Host Hotels and Resorts by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 131,114,755 shares of the real estate investment trust’s stock valued at $2,395,467,000 after purchasing an additional 842,905 shares in the last quarter. BlackRock Inc. lifted its stake in Host Hotels and Resorts by 3.7% in the 2nd quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock valued at $1,391,737,000 after acquiring an additional 2,707,618 shares in the last quarter. Franklin Resources Inc. lifted its stake in Host Hotels and Resorts by 0.8% in the 2nd quarter. Franklin Resources Inc. now owns 35,900,705 shares of the real estate investment trust’s stock valued at $655,906,000 after acquiring an additional 280,260 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Host Hotels and Resorts by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock valued at $358,876,000 after acquiring an additional 2,094,813 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Host Hotels and Resorts by 2.5% in the 2nd quarter. Northern Trust Corp now owns 12,678,085 shares of the real estate investment trust’s stock valued at $231,628,000 after acquiring an additional 309,518 shares in the last quarter.

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About Host Hotels and Resorts

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 and Resorts (NYSE:HST)

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