Host Hotels & Resorts (HST) Stock Rating Upgraded by Zacks Investment Research

Host Hotels & Resorts (NYSE:HST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm presently has a $23.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 11.60% from the company’s current price.

According to Zacks, “Shares of Host Hotels & Resorts have outperformed the industry it belongs to, in the past month. The stock has seen the Zacks Consensus Estimate for current-year funds from operations (FFO) per share being revised upward in a week’s time. Notably, recently, Host Hotels reported first-quarter 2018 adjusted FFO of 43 cents per share, which outpaced the Zacks Consensus Estimate of 41 cents. Results reflect margin improvement through better productivity. The company also raised its outlook for full-year 2018. It is likely to gain from its solid portfolio of upscale hotels across potential markets. Strategic capital-recycling program and a healthy balance sheet bode well for long-term growth. Further, management expects group business demand to be strong in the rest of the year with solid group booking pace. Nevertheless, supply growth, specifically in the company’s key markets, remains a concern. Also, rate hike adds to its woes.”

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Other equities research analysts have also issued reports about the company. Cantor Fitzgerald set a $21.00 target price on Host Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, February 23rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Host Hotels & Resorts in a research report on Friday, February 23rd. Deutsche Bank set a $23.00 target price on Host Hotels & Resorts and gave the company a “buy” rating in a research report on Friday, February 9th. Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $20.50 to $21.00 and gave the company a “buy” rating in a research report on Thursday, May 3rd. Finally, Robert W. Baird set a $21.00 price target on Host Hotels & Resorts and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.45.

Shares of NYSE HST opened at $20.61 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 2.34 and a beta of 1.25.

Host Hotels & Resorts (NYSE:HST) last issued its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. Host Hotels & Resorts had a net margin of 12.24% and a return on equity of 9.29%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. equities research analysts predict that Host Hotels & Resorts will post 1.71 earnings per share for the current year.

In other news, SVP Brian G. Macnamara sold 16,101 shares of the business’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $20.05, for a total value of $322,825.05. Following the completion of the transaction, the senior vice president now directly owns 69,607 shares of the company’s stock, valued at approximately $1,395,620.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in Host Hotels & Resorts by 1.3% during the 4th quarter. BlackRock Inc. now owns 79,168,800 shares of the real estate investment trust’s stock valued at $1,571,501,000 after buying an additional 1,022,236 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Host Hotels & Resorts by 20.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,535,759 shares of the real estate investment trust’s stock valued at $367,935,000 after buying an additional 3,145,197 shares in the last quarter. Northern Trust Corp increased its position in Host Hotels & Resorts by 2.4% during the 1st quarter. Northern Trust Corp now owns 14,392,535 shares of the real estate investment trust’s stock valued at $268,277,000 after buying an additional 330,922 shares in the last quarter. Cbre Clarion Securities LLC increased its position in Host Hotels & Resorts by 38.2% during the 4th quarter. Cbre Clarion Securities LLC now owns 9,072,823 shares of the real estate investment trust’s stock valued at $180,096,000 after buying an additional 2,509,562 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Host Hotels & Resorts by 7.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 7,778,067 shares of the real estate investment trust’s stock valued at $144,984,000 after buying an additional 540,398 shares in the last quarter.

Host Hotels & Resorts Company Profile

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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Analyst Recommendations for Host Hotels & Resorts (NYSE:HST)

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