Host Hotels and Resorts Inc (NYSE:HST) Given Average Rating of “Hold” by Brokerages

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Shares of Host Hotels and Resorts Inc (NYSE:HST) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $19.35.

Several analysts recently issued reports on the stock. ValuEngine raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley reduced their price target on shares of Host Hotels and Resorts from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, January 9th. Deutsche Bank reduced their price target on shares of Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, BMO Capital Markets assumed coverage on shares of Host Hotels and Resorts in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 price target for the company.

NYSE HST traded up $0.01 during mid-day trading on Tuesday, hitting $17.68. The company’s stock had a trading volume of 4,629,954 shares, compared to its average volume of 7,209,388. The company’s 50 day simple moving average is $18.05 and its 200 day simple moving average is $17.26. Host Hotels and Resorts has a twelve month low of $15.51 and a twelve month high of $20.34. The company has a current ratio of 7.70, a quick ratio of 7.70 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 2.06 and a beta of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Monday, December 30th. Host Hotels and Resorts’s dividend payout ratio is 45.20%.

In other Host Hotels and Resorts news, Chairman Richard E. Marriott sold 160,195 shares of Host Hotels and Resorts stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $18.51, for a total transaction of $2,965,209.45. Following the transaction, the chairman now directly owns 3,503,058 shares of the company’s stock, valued at approximately $64,841,603.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Phocas Financial Corp. bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth $74,000. Squarepoint Ops LLC raised its stake in shares of Host Hotels and Resorts by 5.1% during the 3rd quarter. Squarepoint Ops LLC now owns 753,745 shares of the real estate investment trust’s stock worth $13,032,000 after purchasing an additional 36,744 shares during the period. Comerica Bank raised its stake in shares of Host Hotels and Resorts by 15.8% during the 3rd quarter. Comerica Bank now owns 245,307 shares of the real estate investment trust’s stock worth $4,119,000 after purchasing an additional 33,546 shares during the period. Parallel Advisors LLC raised its stake in shares of Host Hotels and Resorts by 49.1% during the 3rd quarter. Parallel Advisors LLC now owns 6,200 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,042 shares during the period. Finally, Evoke Wealth LLC bought a new stake in shares of Host Hotels and Resorts during the 3rd quarter worth $65,000. Institutional investors own 97.26% of the company’s stock.

Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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