Stocks of Host Hotels & Resorts Inc. (NASDAQ:HST) traded higher last session on Wall Street, down -1.40% to $18.27.
According to the data, Host Hotels & Resorts Inc. (NASDAQ:HST) has 20 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $16.00, we find $22.00. Given the previous closing price of $18.53, this indicates a potential upside of 18.73 percent. HST stock price is now 5.19% away from the 50-day moving average and 0.65% away from the 200-day moving average. The market capitalization of the company currently stands at $12.74B.
A total of 4 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $21.44 as their price target over the next twelve months.
With the price target of $21, Oppenheimer recently initiated with Perform rating for Host Hotels & Resorts Inc. (NASDAQ: HST). On August 29, 2022, Wells Fargo Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock increasing its target price from $20 to quote $21, while ‘Evercore ISI’ rates the stock as ‘Outperform’.
In other news, TYRRELL NATHAN S, Exec. VP, Investments sold 10,707 shares of the company’s stock on Jun 07. The stock was sold for $224,847 at an average price of $21.00. Upon completion of the transaction, the Exec. VP, Investments now directly owns 379,285 shares in the company, valued at $6.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20, Director RAKOWICH WALTER C sold 3,290 shares of the business’s stock. A total of $64,517 was realized by selling the stock at an average price of $19.61. This leaves the insider owning 53,083 shares of the company worth $0.97 million. Insiders disposed of 170,488 shares of company stock worth roughly $3.11 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HST stock. A new stake in Host Hotels & Resorts Inc. shares was purchased by JACOBS LEVY EQUITY MANAGEMENT, INC during the first quarter worth $57,485,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $25,076,000 in shares of HST during the first quarter. In the first quarter, LAND & BUILDINGS INVESTMENT MANAGEMENT, LLC acquired a new stake in Host Hotels & Resorts Inc. valued at approximately $23,873,000. NATIONAL PENSION SERVICE acquired a new stake in HST for approximately $19,152,000. HEITMAN REAL ESTATE SECURITIES LLC purchased a new stake in HST valued at around $18,087,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $18.38 for Host Hotels & Resorts Inc. (NASDAQ: HST). During the past 12 months, Host Hotels & Resorts Inc. has had a low of $15.10 and a high of $21.63. The fifty day moving average price for HST is $17.37 and a two-hundred day moving average price translates $18.15 for the stock.
The latest earnings results from Host Hotels & Resorts Inc. (NASDAQ: HST) was released for Jun, 2022. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.36, beating analysts’ expectations of $0.25 by 0.11. This compares to -$0.17 EPS in the same period last year. The net profit margin was 17.30% and return on equity was 12.10% for HST. The company reported revenue of $1.19 billion for the quarter, compared to $844.0 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 40.88 percent. For the current quarter, analysts expect HST to generate $1.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/17/2022. Investors who held shares on 09/30/2022 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 2.63% percent yield. There was an ex-dividend date of 09/29/2022 for this dividend. In terms of dividend payout ratio, HST is presently at 18.60%.
Host Hotels & Resorts Inc.(HST) 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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company’s website at www.hosthotels.com.