Host Hotels & Resorts, Inc. (NYSE:HST) Stock Rating Upgraded by Wells Fargo & Company

Host Hotels & Resorts, Inc. (NYSE:HST) was upgraded by investment analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, November 6th, MarketBeat.com reports. The firm presently has a $21.00 price target on the real estate investment trust’s stock. Wells Fargo & Company’s price target points to a potential upside of 5.16% from the company’s current price.

Several other equities research analysts also recently weighed in on HST. BidaskClub downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. Barclays PLC reissued a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Host Hotels & Resorts currently has an average rating of “Hold” and an average target price of $19.50.

Shares of Host Hotels & Resorts (HST) opened at $19.97 on Monday. 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 & Resorts has a fifty-two week low of $16.40 and a fifty-two week high of $20.23. The firm has a market capitalization of $14,823.97, a price-to-earnings ratio of 11.99, a P/E/G ratio of 2.41 and a beta of 1.29.

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

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A number of large investors have recently modified their holdings of the business. Motco boosted its stake in Host Hotels & Resorts by 0.6% in the 2nd quarter. Motco now owns 11,969 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 71 shares during the last quarter. Kemper Corp Master Retirement Trust boosted its stake in Host Hotels & Resorts by 0.3% in the 2nd quarter. Kemper Corp Master Retirement Trust now owns 26,195 shares of the real estate investment trust’s stock worth $479,000 after buying an additional 75 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Host Hotels & Resorts by 1.6% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 13,770 shares of the real estate investment trust’s stock worth $252,000 after buying an additional 222 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in Host Hotels & Resorts by 3.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 14,974 shares of the real estate investment trust’s stock worth $274,000 after buying an additional 443 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its stake in Host Hotels & Resorts by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 53,698 shares of the real estate investment trust’s stock worth $981,000 after buying an additional 499 shares during the last quarter.

About Host Hotels & 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 & Resorts (NYSE:HST)

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