Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Consensus “Buy” Rating from Brokerages
Host Hotels & Resorts, Inc. (NASDAQ:HST) received a consensus “Buy” rating from the fifteen analysts who cover the company, reports Marketbeat Ratings. Five analysts rated the stock with a hold recommendation, seven gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average target price among analysts who have reported on the stock in the past year is $19.58.
A number of brokerages have weighed in on the HST recently. TheStreet upgraded Host Hotels & Resorts from a “d+” to a “c-” rating in a report on Wednesday, October 27. Morgan Stanley raised its price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “equal weight” rating in a Tuesday, January 18 report. Compass Point raised its price target on Host Hotels & Resorts from $22.00 to $25.00 in a report on Friday. Goldman Sachs Group has downgraded Host Hotels & Resorts from a ‘sell’ rating to a ‘neutral’ rating and raised its price target for the business from $17.00 to $18.00 in a Tuesday report December 14. Finally, Truist Financial raised its price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company a “holding” rating in a Friday, Dec. 3 report.
In other news, CEO James F. Risoleo sold 7,110 shares of the company in a trade that took place on Wednesday, December 22. The stock was sold at an average price of $17.15, for a total transaction of $121,936.50. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. 1.20% of the shares are currently held by insiders.
Institutional investors and hedge funds have recently been buying and selling shares of the company. NEXT Financial Group Inc increased its position in Host Hotels & Resorts shares by 440.2% during the fourth quarter. NEXT Financial Group Inc now owns 1,772 shares of the company valued at $31,000 after purchasing an additional 1,444 shares in the last quarter. Desjardins Global Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $40,000. CWM LLC purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $48,000. UMB Bank NA MO purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $50,000. Finally, Rockefeller Capital Management LP increased its position in Host Hotels & Resorts shares by 80.4% during the fourth quarter. Rockefeller Capital Management LP now owns 3,030 shares of the company valued at $52,000 after buying an additional 1,350 shares last quarter.
HST action opened at $19.11 on Friday. The stock has a market capitalization of $13.65 billion, a price-earnings ratio of -636.79 and a beta of 1.29. The company has a debt ratio of 0.91, a current ratio of 12.04 and a quick ratio of 12.04. The company has a fifty-day moving average price of $17.46 and a two-hundred-day moving average price of $16.89. Host Hotels & Resorts has a one-year minimum of $14.67 and a one-year maximum of $19.75.
Host Hotels & Resorts (NASDAQ:HST) last released its quarterly results on Wednesday, February 16. The company reported earnings per share (EPS) of $0.29 for the quarter, beating the Zacks consensus estimate of $0.15 by $0.14. The company posted revenue of $998.00 million in the quarter, versus a consensus estimate of $898.43 million. Host Hotels & Resorts posted a negative return on equity of 0.18% and a negative net margin of 0.38%. The company’s revenue for the quarter increased 273.8% year over year. During the same quarter last year, the company posted ($0.02) EPS. Research analysts expect Host Hotels & Resorts to post an EPS of 1.15 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Thursday, March 31 will receive a dividend of $0.03 per share. The ex-dividend date is Wednesday, March 30. This represents an annualized dividend of $0.12 and a dividend yield of 0.63%.
About Host Hotels and Resorts
Host Hotels & Resorts, Inc. is a real estate investment trust engaged in the management of luxury and upscale hotels. It operates through the hotel ownership segment. Its properties are located in the United States, Brazil, Canada and Mexico. The company was founded in 1927 and is based in Bethesda, MD.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Host Hotels & Resorts right now?
Before you consider Host Hotels & Resorts, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Host Hotels & Resorts didn’t make the list.
Although Host Hotels & Resorts currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here