Boenning Scattergood upgraded shares of Host Hotels & Resorts, Inc. (NYSE:HST) from a neutral rating to an outperform rating in a report published on Thursday, Marketbeat Ratings reports. They currently have $20.00 price target on the real estate investment trust’s stock.

Several other analysts have also recently weighed in on the company. BidaskClub cut Host Hotels & Resorts from a buy rating to a hold rating in a report on Friday, August 11th. Zacks Investment Research cut Host Hotels & Resorts from a buy rating to a hold rating in a report on Monday, July 31st. Barclays PLC restated a hold rating and set a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, Royal Bank Of Canada restated a hold rating and set a $20.00 price target on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $18.19.

Shares of Host Hotels & Resorts (HST) opened at 17.70 on Thursday. The firm’s 50 day moving average is $18.15 and its 200-day moving average is $18.28. The company has a market capitalization of $13.10 billion, a P/E ratio of 21.91 and a beta of 1.33. Host Hotels & Resorts has a 52-week low of $14.69 and a 52-week high of $20.21.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Equities research analysts anticipate that Host Hotels & Resorts will post $0.79 earnings per share for the current fiscal year.

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In related news, EVP Joanne G. Hamilton sold 3,069 shares of Host Hotels & Resorts stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the transaction, the executive vice president now directly owns 43,035 shares of the company’s stock, valued at $818,095.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.70% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of HST. BlackRock Inc. raised its position in shares of Host Hotels & Resorts by 2,288.8% in the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock valued at $1,370,925,000 after buying an additional 70,393,061 shares during the period. Principal Financial Group Inc. raised its position in shares of Host Hotels & Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock valued at $176,164,000 after buying an additional 4,738,572 shares during the period. Ameriprise Financial Inc. raised its position in shares of Host Hotels & Resorts by 193.4% in the first quarter. Ameriprise Financial Inc. now owns 5,453,923 shares of the real estate investment trust’s stock valued at $101,805,000 after buying an additional 3,595,166 shares during the period. Vanguard Group Inc. raised its position in shares of Host Hotels & Resorts by 2.1% in the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock valued at $2,430,872,000 after buying an additional 2,703,678 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Host Hotels & Resorts by 10.8% in the first quarter. Daiwa Securities Group Inc. now owns 22,053,711 shares of the real estate investment trust’s stock valued at $411,522,000 after buying an additional 2,149,679 shares during the period.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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