Host Hotels and Resorts (HST) Rating Increased to Hold at Zacks Investment Research

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Host Hotels and Resorts (NYSE:HST) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Host Hotels & Resorts is making concerted efforts to improve its portfolio quality through targeted dispositions and lowering its international exposure. In January, the company announced the closing of the sale of its Westin New York Grand Central hotel for $302 million. The move is in line with its efforts to reduce footprint in New York. Further, its productivity improvement efforts and healthy balance sheet with ample liquidity augur well for long-term growth. However, elevated supply in some of the company’s key markets is expected to affect its pricing power. Moreover, dilutive impact on earnings from sale of assets and hike in interest rate add to its woes. Additionally, its shares have underperformed the industry, over the past three months.”

A number of other equities research analysts have also recently issued reports on the stock. Morgan Stanley cut shares of Host Hotels and Resorts from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 20th. Evercore ISI raised shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research note on Tuesday, December 18th. Barclays raised shares of Host Hotels and Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $23.00 to $22.00 in a research note on Tuesday, December 18th. Citigroup cut shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $24.00 to $19.50 in a research note on Wednesday, December 12th. Finally, Wells Fargo & Co set a $22.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research note on Tuesday, November 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. Host Hotels and Resorts presently has an average rating of “Hold” and an average target price of $21.50.

Host Hotels and Resorts stock traded up $0.08 during trading on Tuesday, reaching $17.98. The company had a trading volume of 230,733 shares, compared to its average volume of 7,005,409. Host Hotels and Resorts has a 1-year low of $15.94 and a 1-year high of $22.47. The stock has a market capitalization of $13.36 billion, a P/E ratio of 10.66, a P/E/G ratio of 2.10 and a beta of 1.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 5.32 and a current ratio of 5.32.

Hedge funds have recently made changes to their positions in the business. Doyle Wealth Management purchased a new position in shares of Host Hotels and Resorts during the 4th quarter worth $33,000. Private Capital Group LLC raised its holdings in Host Hotels and Resorts by 44.7% in the 4th quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 703 shares during the period. Pearl River Capital LLC purchased a new stake in Host Hotels and Resorts in the 4th quarter valued at about $39,000. Exane Asset Management purchased a new stake in Host Hotels and Resorts in the 4th quarter valued at about $43,000. Finally, Parallel Advisors LLC raised its holdings in Host Hotels and Resorts by 129.4% in the 4th quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 1,737 shares during the period. Institutional investors own 97.76% of the company’s stock.

About Host Hotels and Resorts

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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