Host Hotels & Resorts (NASDAQ:HST) Given New $21.00 Price Target at Wells Fargo & Company

Host Hotels & Resorts (NASDAQ:HST) had its price target hoisted by Wells Fargo & Company from $19.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also recently weighed in on HST. Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Robert W. Baird dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Finally, Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Stock Down 0.1 %

Host Hotels & Resorts stock opened at $18.42 on Tuesday. The firm has a market capitalization of $12.88 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The stock’s fifty day simple moving average is $17.82 and its 200-day simple moving average is $17.67.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. As a group, equities analysts expect that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Institutional Investors Weigh In On Host Hotels & Resorts

Large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after buying an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after acquiring an additional 5,466,629 shares during the period. KBC Group NV raised its stake in Host Hotels & Resorts by 207.9% during the 3rd quarter. KBC Group NV now owns 2,198,392 shares of the company’s stock valued at $38,692,000 after acquiring an additional 1,484,370 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in Host Hotels & Resorts by 20.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after acquiring an additional 1,339,458 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after acquiring an additional 1,331,407 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.