Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $24.00

Host Hotels & Resorts (NASDAQ:HST) had its price target boosted by Cantor Fitzgerald from $23.00 to $24.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 5.87% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Raymond James Financial reiterated an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a research report on Monday, June 8th. Weiss Ratings lowered shares of Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. LADENBURG THALM/SH SH raised their target price on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Stifel Nicolaus set a $26.25 target price on shares of Host Hotels & Resorts in a research report on Thursday, June 4th. Finally, BMO Capital Markets restated an “outperform” rating and set a $27.00 price target on shares of Host Hotels & Resorts in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Host Hotels & Resorts Stock Performance

HST opened at $22.67 on Tuesday. The company has a quick ratio of 7.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market cap of $15.53 billion, a PE ratio of 15.11, a P/E/G ratio of 2.59 and a beta of 1.10. The business has a fifty day simple moving average of $24.24 and a 200-day simple moving average of $21.61. Host Hotels & Resorts has a fifty-two week low of $15.19 and a fifty-two week high of $25.71.

Insider Buying and Selling

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total value of $358,087.00. Following the transaction, the executive vice president owned 682,089 shares in the company, valued at approximately $15,688,047. This represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Host Hotels & Resorts in the second quarter worth $2,096,191,000. Norges Bank purchased a new position in Host Hotels & Resorts in the fourth quarter valued at about $628,014,000. Deutsche Bank AG acquired a new position in Host Hotels & Resorts in the 2nd quarter worth about $296,560,000. SG Americas Securities LLC increased its position in Host Hotels & Resorts by 251.9% in the 1st quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company’s stock worth $263,555,000 after purchasing an additional 9,846,104 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Host Hotels & Resorts in the 2nd quarter worth about $143,770,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.