Wolfe Research downgraded shares of Host Hotels and Resorts (NYSE:HST) from a market perform rating to an underperform rating in a report published on Tuesday, Marketbeat reports. They currently have $19.16 price target on the real estate investment trust’s stock.

A number of other analysts also recently commented on the stock. Deutsche Bank restated a buy rating and set a $22.00 price target on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a sell rating to a hold rating in a research report on Monday, February 18th. Morgan Stanley cut shares of Host Hotels and Resorts from an equal weight rating to an underweight rating in a research note on Thursday, December 20th. Evercore ISI raised shares of Host Hotels and Resorts from an in-line rating to an outperform rating in a research note on Tuesday, December 18th. Finally, Barclays raised shares of Host Hotels and Resorts from an equal weight rating to an overweight rating and lowered their price objective for the stock from $23.00 to $22.00 in a research note on Tuesday, December 18th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Host Hotels and Resorts has an average rating of Hold and an average target price of $21.39.

HST stock opened at $19.22 on Tuesday. Host Hotels and Resorts has a 52 week low of $15.94 and a 52 week high of $22.47. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 2.17 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.51 and a current ratio of 5.51.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Host Hotels and Resorts had a net margin of 19.68% and a return on equity of 14.86%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $0.12 EPS. On average, research analysts expect that Host Hotels and Resorts will post 1.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.16%. Host Hotels and Resorts’s dividend payout ratio is currently 45.20%.

In other news, CFO Michael D. Bluhm sold 18,360 shares of Host Hotels and Resorts stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total value of $364,262.40. Following the transaction, the chief financial officer now owns 176,618 shares of the company’s stock, valued at approximately $3,504,101.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Doyle Wealth Management purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth approximately $33,000. Private Capital Group LLC increased its position in shares of Host Hotels and Resorts by 44.7% in the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 703 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth approximately $39,000. Exane Asset Management purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth approximately $43,000. Finally, Parallel Advisors LLC increased its position in shares of Host Hotels and Resorts by 129.4% in the fourth quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,737 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors.

Host Hotels and Resorts Company Profile

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.

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

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