Oppenheimer investment analysts have started covering the shares of Host Hotels and Resorts (NASDAQ:HST – Get a Rating) in a note released Wednesday to investors, reports The Fly. The company has attached a “market performance” rating to the stock.
Several other research analysts have also recently weighed in on the stock. Barclays cut its price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a Thursday, July 7 research report. Truist Financial raised its price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a “holding” rating in a Wednesday, June 1 research report. Citigroup raised its price target on shares of Host Hotels & Resorts to $22.00 in a Monday, August 15 research note. Wells Fargo & Company moved shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and raised its price target for the company from $20.00 to $21.00 in a research note from Monday, August 29. Finally, Evercore ISI reaffirmed an “outperform” rating and set a price target of $23.00 on shares of Host Hotels & Resorts in a Monday, July 11 research note. Five research analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $22.18.
Host Hotels & Resorts Share Performance
Shares of HST rose $0.44 during trading hours on Wednesday, hitting $18.32. 530,814 shares of the company were traded, with an average volume of 8,504,520. The stock has a market capitalization of $13.10 billion, a P/E ratio of 22.90 and a beta of 1.22 . The company has a quick ratio of 11.29, a current ratio of 11.29 and a leverage ratio of 0.62. Host Hotels & Resorts has a 12-month minimum of $15.10 and a 12-month maximum of $21.63. The company has a fifty-day moving average price of $18.12 and a 200-day moving average price of $17.74.
Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released quarterly earnings data on Wednesday, August 3. The company reported earnings per share of $0.36 for the quarter, missing analyst consensus estimates of $0.48 per ($0.12). Host Hotels & Resorts achieved a return on equity of 8.86% and a net margin of 13.34%. In the same quarter last year, the company posted earnings per share of $0.12. Stock analysts expect Host Hotels & Resorts to post an EPS of 1.79 for the current fiscal year.
Institutional investors weigh in on host hotels and resorts
A number of hedge funds have recently increased or reduced their holdings in HST. Brown Brothers Harriman & Co. increased its stake in Host Hotels & Resorts shares by 1,921.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company valued at $26,000 after buying an additional 1,249 shares last quarter. Tcwp LLC acquired a new position in Host Hotels & Resorts during the first quarter worth approximately $31,000. Parkside Financial Bank & Trust increased its position in Host Hotels & Resorts by 146.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company worth $32,000 after purchasing an additional 976 shares during the period. Glassman Wealth Services increased its holdings of Host Hotels & Resorts shares by 317.9% in the second quarter. Glassman Wealth Services now owns 1,747 shares of the company valued at $27,000 after purchasing an additional 1,329 shares last quarter. Finally, Harvest Fund Management Co. Ltd increased its holdings in Host Hotels & Resorts shares by 118.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 2,147 shares of the company valued at $41,000 after buying 1,163 additional shares in the last quarter. 98.79% of the shares are currently held by institutional investors and hedge funds.
About Host Hotels and Resorts
(Get a rating)
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 upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
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