Host Hotels and Resorts Inc (NYSE:HST) – Equities researchers at Jefferies Financial Group reduced their Q1 2021 EPS estimates for Host Hotels and Resorts in a research note issued on Friday, September 25th. Jefferies Financial Group analyst D. Katz now anticipates that the real estate investment trust will earn ($0.01) per share for the quarter, down from their previous forecast of $0.01. Jefferies Financial Group also issued estimates for Host Hotels and Resorts’ FY2022 earnings at $1.16 EPS.
HST has been the subject of a number of other reports. ValuEngine upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating in a research report on Thursday, September 17th. BTIG Research reduced their target price on shares of Host Hotels and Resorts from $14.50 to $16.00 in a report on Tuesday, July 7th. TheStreet lowered shares of Host Hotels and Resorts from a “c” rating to a “d+” rating in a report on Thursday, July 30th. Deutsche Bank reduced their price objective on shares of Host Hotels and Resorts from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Finally, SunTrust Banks lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.03.
Shares of NYSE:HST opened at $10.64 on Monday. The firm has a 50 day moving average of $11.29 and a 200-day moving average of $11.28. The stock has a market capitalization of $7.50 billion, a PE ratio of 88.67 and a beta of 1.24. Host Hotels and Resorts has a 12 month low of $7.86 and a 12 month high of $18.90. The company has a current ratio of 23.29, a quick ratio of 23.29 and a debt-to-equity ratio of 0.68.
Host Hotels and Resorts (NYSE:HST) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.25). The firm had revenue of $103.00 million during the quarter, compared to analyst estimates of $102.34 million. Host Hotels and Resorts had a net margin of 2.48% and a return on equity of 1.30%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HST. Blackstone Group Inc purchased a new stake in Host Hotels and Resorts during the first quarter worth about $380,992,000. PGGM Investments increased its holdings in Host Hotels and Resorts by 171.0% during the second quarter. PGGM Investments now owns 23,465,817 shares of the real estate investment trust’s stock worth $253,196,000 after buying an additional 14,807,329 shares during the last quarter. Cohen & Steers Inc. increased its holdings in Host Hotels and Resorts by 43.3% during the first quarter. Cohen & Steers Inc. now owns 35,116,066 shares of the real estate investment trust’s stock worth $387,681,000 after buying an additional 10,614,347 shares during the last quarter. Brookfield Asset Management Inc. purchased a new stake in Host Hotels and Resorts during the second quarter worth about $83,363,000. Finally, Wellington Management Group LLP increased its holdings in Host Hotels and Resorts by 29.0% during the first quarter. Wellington Management Group LLP now owns 20,648,319 shares of the real estate investment trust’s stock worth $227,958,000 after buying an additional 4,641,012 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.
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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