TheStreet lowered shares of Host Hotels and Resorts (NYSE:HST) from a c rating to a d+ rating in a research report sent to investors on Thursday morning, TheStreetRatingsTable reports.
Several other research analysts have also issued reports on the stock. Morgan Stanley upgraded shares of Host Hotels and Resorts from an underweight rating to an equal weight rating and raised their price target for the stock from $9.00 to $10.00 in a report on Wednesday. Citigroup lowered their price target on shares of Host Hotels and Resorts from $18.00 to $11.50 and set a neutral rating for the company in a report on Tuesday, April 7th. SunTrust Banks lowered shares of Host Hotels and Resorts from a hold rating to a sell rating in a report on Friday, July 24th. Capital One Financial lowered shares of Host Hotels and Resorts from an overweight rating to an equal weight rating and set a $12.00 price target for the company. in a report on Monday, June 29th. Finally, Wells Fargo & Co lowered their price target on shares of Host Hotels and Resorts from $17.00 to $12.00 and set an overweight rating for the company in a report on Wednesday, July 22nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $13.22.
HST stock opened at $10.78 on Thursday. The stock has a market capitalization of $7.60 billion, a P/E ratio of 89.83 and a beta of 1.27. The company has a current ratio of 12.76, a quick ratio of 12.76 and a debt-to-equity ratio of 0.75. Host Hotels and Resorts has a 12 month low of $7.86 and a 12 month high of $18.90. The firm has a 50-day moving average price of $11.21 and a 200-day moving average price of $12.78.
In related news, Director Walter C. Rakowich sold 5,566 shares of Host Hotels and Resorts stock in a transaction on Monday, May 18th. The shares were sold at an average price of $10.63, for a total value of $59,166.58. Following the completion of the sale, the director now owns 48,764 shares of the company’s stock, valued at approximately $518,361.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its position in Host Hotels and Resorts by 317.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,175 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,654 shares during the period. NuWave Investment Management LLC acquired a new stake in Host Hotels and Resorts in the 2nd quarter valued at $45,000. Van ECK Associates Corp grew its position in Host Hotels and Resorts by 108.7% in the 1st quarter. Van ECK Associates Corp now owns 8,747 shares of the real estate investment trust’s stock valued at $97,000 after purchasing an additional 4,555 shares during the period. Investment Counselors of Maryland LLC grew its position in Host Hotels and Resorts by 26.5% in the 1st quarter. Investment Counselors of Maryland LLC now owns 10,065 shares of the real estate investment trust’s stock valued at $111,000 after purchasing an additional 2,109 shares during the period. Finally, Private Capital Group LLC boosted its holdings in Host Hotels and Resorts by 51.4% during the 1st quarter. Private Capital Group LLC now owns 10,007 shares of the real estate investment trust’s stock worth $112,000 after acquiring an additional 3,397 shares during the last quarter. 99.20% of the stock is owned by institutional investors and hedge funds.
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.
Read More: Why do analysts give a neutral rating?
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