Host Hotels & Resorts (NYSE:HST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $24.00 price objective on the real estate investment trust’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.68% from the stock’s previous close.
According to Zacks, “Shares of Host Hotels & Resorts have outperformed the industry it belongs to, in the past three months. Moreover, the stock has seen the Zacks Consensus Estimate for current-year funds from operations (FFO) per share being revised upward in a month’s time. Further, the company’s first-quarter 2018 results reflect margin improvement through better productivity. It also raised outlook for full-year 2018. Gain from its solid portfolio of upscale hotels across potential markets, strategic capital-recycling program and a healthy balance sheet bode well for its long-term growth. Nevertheless, elevated supply in the company’s key markets is expected to reduce its pricing power. Further, geographical concentration of assets in upscale markets exposes it to the economic doldrums prevailing in the region.”
Get Host Hotels & Resorts alerts:Other equities analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Boenning Scattergood set a $21.00 price target on shares of Host Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, May 4th. Stifel Nicolaus boosted their price target on shares of Host Hotels & Resorts from $20.50 to $21.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Cantor Fitzgerald set a $21.00 price target on shares of Host Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank set a $23.00 price target on shares of Host Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Host Hotels & Resorts has an average rating of “Buy” and an average target price of $21.67.
Shares of Host Hotels & Resorts traded down $0.17, reaching $21.49, during mid-day trading on Friday, Marketbeat reports. The stock had a trading volume of 173,487 shares, compared to its average volume of 6,510,825. Host Hotels & Resorts has a 52-week low of $17.26 and a 52-week high of $21.70. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 2.50 and a beta of 1.25. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.60.
Host Hotels & Resorts (NYSE:HST) last announced its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.06). Host Hotels & Resorts had a net margin of 12.24% and a return on equity of 9.29%. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. Host Hotels & Resorts’s quarterly revenue was down .1% compared to the same quarter last year. equities analysts predict that Host Hotels & Resorts will post 1.72 EPS for the current year.
In related news, EVP Elizabeth A. Abdoo sold 33,220 shares of the business’s stock in a transaction dated Thursday, May 10th. The shares were sold at an average price of $20.75, for a total transaction of $689,315.00. Following the sale, the executive vice president now owns 247,729 shares of the company’s stock, valued at $5,140,376.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Brian G. Macnamara sold 16,101 shares of the business’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $20.05, for a total transaction of $322,825.05. Following the sale, the senior vice president now directly owns 69,607 shares in the company, valued at approximately $1,395,620.35. The disclosure for this sale can be found here. Insiders have sold 57,832 shares of company stock worth $1,186,491 in the last three months. 1.40% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of HST. Creative Planning lifted its stake in shares of Host Hotels & Resorts by 133.5% in the fourth quarter. Creative Planning now owns 31,807 shares of the real estate investment trust’s stock worth $631,000 after buying an additional 18,188 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Host Hotels & Resorts by 5.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 7,237,669 shares of the real estate investment trust’s stock worth $143,668,000 after buying an additional 362,582 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Host Hotels & Resorts by 695.1% in the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 8,668 shares in the last quarter. APG Asset Management N.V. lifted its stake in shares of Host Hotels & Resorts by 3.7% in the fourth quarter. APG Asset Management N.V. now owns 5,529,208 shares of the real estate investment trust’s stock worth $91,401,000 after buying an additional 196,500 shares in the last quarter. Finally, Lourd Capital LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $570,000. 98.80% of the stock is currently owned by institutional investors and hedge funds.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is an S&P 500 and Fortune 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 87 properties in the United States and six properties internationally totaling approximately 52,000 rooms.
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