Host Hotels & Resorts (NASDAQ:HST) PT Raised to $23.00 at Wells Fargo & Company

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) had its price target raised by analysts at Wells Fargo & Company from $22.00 to $23.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 10.31% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Oppenheimer boosted their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Raymond James upped their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Jefferies Financial Group raised their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. JPMorgan Chase & Co. raised Host Hotels & Resorts from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Thursday, December 14th. Finally, Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their target price for the company from $18.00 to $23.00 in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $21.20.

Get Our Latest Stock Report on Host Hotels & Resorts

Host Hotels & Resorts Price Performance

Shares of HST opened at $20.85 on Thursday. Host Hotels & Resorts has a one year low of $14.51 and a one year high of $21.31. The stock’s fifty day moving average is $20.08 and its 200-day moving average is $18.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.85 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that Host Hotels & Resorts will post 1.97 EPS for the current year.

Insider Buying and Selling at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Host Hotels & Resorts by 1.2% in the first quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company’s stock valued at $2,260,281,000 after acquiring an additional 1,379,330 shares during the period. Wellington Management Group LLP lifted its position in shares of Host Hotels & Resorts by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock worth $807,923,000 after buying an additional 6,719,578 shares during the period. State Street Corp grew its position in Host Hotels & Resorts by 7.1% in the first quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the period. Norges Bank acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $615,558,000. Finally, JPMorgan Chase & Co. boosted its position in Host Hotels & Resorts by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock valued at $358,576,000 after buying an additional 310,079 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

(Get Free Report)

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.

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