Host Hotels & Resorts (NASDAQ:HST) Given New $27.00 Price Target at Cantor Fitzgerald

Host Hotels & Resorts (NASDAQ:HST) had its target price hoisted by Cantor Fitzgerald from $24.00 to $27.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Cantor Fitzgerald‘s price objective would suggest a potential upside of 6.80% from the company’s previous close.

HST has been the subject of a number of other reports. Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Evercore set a $26.00 price target on Host Hotels & Resorts in a research report on Monday, October 26th. Truist Financial increased their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Finally, Barclays boosted their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.55.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $25.28 on Tuesday. Host Hotels & Resorts has a twelve month low of $16.77 and a twelve month high of $26.19. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The company has a market cap of $17.32 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 3.61 and a beta of 1.09. The company’s 50 day moving average is $23.27 and its 200 day moving average is $22.12.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.19%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the previous year, the business posted $0.35 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Host Hotels & Resorts will post 2.23 EPS for the current year.

Insider Activity

In related news, EVP Nathan Tyrrell sold 63,882 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president directly owned 618,207 shares in the company, valued at $14,299,127.91. The trade was a 9.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HST. Edgestream Partners L.P. purchased a new stake in shares of Host Hotels & Resorts during the 3rd quarter worth about $2,426,000. HighTower Advisors LLC increased its stake in shares of Host Hotels & Resorts by 10.2% in the 3rd quarter. HighTower Advisors LLC now owns 75,479 shares of the company’s stock valued at $1,690,000 after purchasing an additional 6,963 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Host Hotels & Resorts by 35.0% in the 3rd quarter. Intech Investment Management LLC now owns 119,892 shares of the company’s stock valued at $2,684,000 after purchasing an additional 31,107 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of Host Hotels & Resorts by 44.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 7,390 shares of the company’s stock valued at $165,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Ibex Wealth Advisors raised its holdings in Host Hotels & Resorts by 4.4% in the 3rd quarter. Ibex Wealth Advisors now owns 442,129 shares of the company’s stock worth $9,899,000 after purchasing an additional 18,565 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets.

The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

Host traces its history to Host Marriott Corporation, established in 1993, and adopted the REIT structure in 1998.