Host Hotels & Resorts Inc. (NYSE:HST)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $17.50 price objective on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.54% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Citigroup Inc. reduced their price target on shares of Host Hotels & Resorts from $20.00 to $16.75 and set a “buy” rating for the company in a research report on Wednesday. Zacks Investment Research downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday. Goldman Sachs Group Inc. began coverage on shares of Host Hotels & Resorts in a research report on Monday, September 26th. They set a “neutral” rating and a $15.00 price target for the company. BTIG Research began coverage on shares of Host Hotels & Resorts in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Argus raised their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.63.

Analyst Recommendations for Host Hotels & Resorts (NYSE:HST)

Host Hotels & Resorts (NYSE:HST) traded down 0.032% during midday trading on Friday, hitting $15.545. The company’s stock had a trading volume of 1,448,351 shares. Host Hotels & Resorts has a 12 month low of $12.17 and a 12 month high of $18.56. The company’s 50 day moving average price is $16.72 and its 200 day moving average price is $16.41. The firm has a market cap of $11.54 billion, a P/E ratio of 14.976 and a beta of 1.57.

Host Hotels & Resorts (NYSE:HST) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Host Hotels & Resorts had a net margin of 14.34% and a return on equity of 10.97%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Analysts expect that Host Hotels & Resorts will post $1.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date is Wednesday, September 28th. Host Hotels & Resorts’s payout ratio is 76.92%.

In other Host Hotels & Resorts news, CFO Gregory J. Larson sold 40,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $18.22, for a total value of $728,800.00. Following the sale, the chief financial officer now directly owns 124,929 shares in the company, valued at $2,276,206.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian G. Macnamara sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $18.21, for a total value of $91,050.00. Following the completion of the sale, the senior vice president now owns 54,172 shares in the company, valued at $986,472.12. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc boosted its stake in Host Hotels & Resorts by 4.2% in the first quarter. Legal & General Group Plc now owns 4,623,233 shares of the company’s stock worth $77,204,000 after buying an additional 184,359 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Host Hotels & Resorts by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,005 shares of the company’s stock worth $277,000 after buying an additional 392 shares in the last quarter. DNB Asset Management AS boosted its stake in shares of Host Hotels & Resorts by 1.6% in the second quarter. DNB Asset Management AS now owns 138,696 shares of the company’s stock worth $2,248,000 after buying an additional 2,200 shares in the last quarter. Strs Ohio boosted its stake in shares of Host Hotels & Resorts by 6.6% in the second quarter. Strs Ohio now owns 3,724,999 shares of the company’s stock worth $60,382,000 after buying an additional 229,528 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Host Hotels & Resorts by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 374,580 shares of the company’s stock worth $6,255,000 after buying an additional 35,910 shares in the last quarter.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

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