BTIG Research Downgrades Host Hotels and Resorts (NYSE:HST) to Neutral

BTIG Research downgraded shares of Host Hotels and Resorts (NYSE:HST) from a buy rating to a neutral rating in a report published on Thursday morning, 24/7 WallStreet reports.

Several other equities analysts have also recently weighed in on HST. Deutsche Bank reissued a buy rating and set a $23.00 price target on shares of Host Hotels and Resorts in a report on Thursday, August 8th. Barclays set a $21.00 target price on Host Hotels and Resorts and gave the stock a buy rating in a report on Monday, August 12th. Capital One Financial began coverage on Host Hotels and Resorts in a report on Tuesday, June 25th. They issued an overweight rating and a $23.00 target price on the stock. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the stock a buy rating in a report on Wednesday, August 7th. Finally, Morgan Stanley set a $18.00 target price on Host Hotels and Resorts and gave the stock a sell rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $20.72.

NYSE HST opened at $15.85 on Thursday. The business’s fifty day moving average price is $17.55 and its 200-day moving average price is $18.57. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.12 and a quick ratio of 5.11. Host Hotels and Resorts has a 1-year low of $15.51 and a 1-year high of $21.94.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. Host Hotels and Resorts’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.28 earnings per share. Equities research analysts anticipate that Host Hotels and Resorts will post 1.76 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its position in shares of Host Hotels and Resorts by 0.6% during the second quarter. Royal Bank of Canada now owns 917,250 shares of the real estate investment trust’s stock valued at $16,712,000 after purchasing an additional 5,775 shares in the last quarter. UBS Group AG grew its position in shares of Host Hotels and Resorts by 26.5% during the second quarter. UBS Group AG now owns 1,091,815 shares of the real estate investment trust’s stock valued at $19,893,000 after purchasing an additional 228,776 shares in the last quarter. Uniplan Investment Counsel Inc. grew its position in shares of Host Hotels and Resorts by 0.3% during the second quarter. Uniplan Investment Counsel Inc. now owns 1,922,612 shares of the real estate investment trust’s stock valued at $35,030,000 after purchasing an additional 5,374 shares in the last quarter. Phocas Financial Corp. purchased a new position in shares of Host Hotels and Resorts during the second quarter valued at about $743,000. Finally, Mutual Advisors LLC purchased a new position in shares of Host Hotels and Resorts during the second quarter valued at about $405,000. 97.81% of the stock is currently owned by institutional investors.

About Host Hotels and Resorts

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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