BidaskClub Downgrades Host Hotels & Resorts, Inc. (NYSE:HST) to Hold

Host Hotels & Resorts, Inc. (NYSE:HST) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a research note on Wednesday, June 7th. Barclays PLC restated a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Finally, Boenning Scattergood restated a “neutral” rating on shares of Host Hotels & Resorts in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Host Hotels & Resorts has a consensus rating of “Hold” and an average target price of $18.44.

Shares of Host Hotels & Resorts (NYSE:HST) traded down 0.39% during trading on Friday, hitting $17.76. 1,776,389 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $18.41 and its 200-day moving average price is $18.31. Host Hotels & Resorts has a 1-year low of $14.69 and a 1-year high of $20.21. The stock has a market cap of $13.14 billion, a PE ratio of 21.98 and a beta of 1.33.

Host Hotels & Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $0.49 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts will post $0.79 earnings per share for the current fiscal year.

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In other Host Hotels & Resorts news, EVP Joanne G. Hamilton sold 3,069 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total transaction of $58,341.69. Following the completion of the transaction, the executive vice president now owns 43,035 shares in the company, valued at approximately $818,095.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HST. State of Alaska Department of Revenue raised its position in Host Hotels & Resorts by 33.8% in the first quarter. State of Alaska Department of Revenue now owns 368,631 shares of the real estate investment trust’s stock valued at $6,877,000 after buying an additional 93,133 shares during the last quarter. LGT Capital Partners LTD. raised its position in Host Hotels & Resorts by 8.4% in the first quarter. LGT Capital Partners LTD. now owns 384,200 shares of the real estate investment trust’s stock valued at $7,169,000 after buying an additional 29,790 shares during the last quarter. Lederer & Associates Investment Counsel CA raised its position in Host Hotels & Resorts by 6.1% in the first quarter. Lederer & Associates Investment Counsel CA now owns 18,310 shares of the real estate investment trust’s stock valued at $342,000 after buying an additional 1,055 shares during the last quarter. DnB Asset Management AS raised its position in Host Hotels & Resorts by 13.9% in the first quarter. DnB Asset Management AS now owns 105,496 shares of the real estate investment trust’s stock valued at $1,969,000 after buying an additional 12,900 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in Host Hotels & Resorts by 37.7% in the first quarter. Capital Investment Advisors LLC now owns 120,425 shares of the real estate investment trust’s stock valued at $2,247,000 after buying an additional 32,991 shares during the last quarter.

Host Hotels & Resorts Company Profile

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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