In yesterday’s Wall Street session, Host Hotels & Resorts Inc (NASDAQ:HST) shares traded at $15.05, down -3.09% from the previous session.
As we calculate the median target price by taking the range between a high of $23.00 and a low of $15.00, we find $21.00. Given the previous closing price of $15.53, this indicates a potential upside of 35.22 percent. HST stock price is now -5.78% away from the 50-day moving average and -10.12% away from the 200-day moving average. The market capitalization of the company currently stands at $10.71B.
Brokers who have rated the stock have averaged $20.20 as their price target over the next twelve months.
With the price target of $21, HSBC Securities recently initiated with Buy rating for Host Hotels & Resorts Inc (NASDAQ: HST).
In other news, RAKOWICH WALTER C, Director sold 3,688 shares of the company’s stock on Jun 05. The stock was sold for $64,443 at an average price of $17.47. Upon completion of the transaction, the Director now directly owns 58,616 shares in the company, valued at $0.88 million. Insiders disposed of 162,142 shares of company stock worth roughly $2.44 million over the past 1 year. A total of 1.12% 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 LOS ANGELES CAPITAL MANAGEMENT LLC during the first quarter worth $68,034,000. CINCTIVE CAPITAL MANAGEMENT LP invested $18,189,000 in shares of HST during the first quarter. In the first quarter, GRS ADVISORS, LLC acquired a new stake in Host Hotels & Resorts Inc valued at approximately $13,965,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in HST for approximately $9,406,000. TWINBEECH CAPITAL LP purchased a new stake in HST valued at around $5,704,000 in the second quarter. In total, there are 862 active investors with 104.05% ownership of the company’s stock.
On Friday morning Host Hotels & Resorts Inc (NASDAQ: HST) stock kicked off with the opening price of $15.58. During the past 12 months, Host Hotels & Resorts Inc has had a low of $14.51 and a high of $19.42. According to the stock market information, the enterprise value for the company is $14.68B, which is based on a 14.20 price-to-earnings ratio, a 0.50 price-to-earnings-growth ratio, and a beta of 1.28. The fifty day moving average price for HST is $15.96 and a two-hundred day moving average price translates $16.73 for the stock.
The latest earnings results from Host Hotels & Resorts Inc (NASDAQ: HST) was released for Jun, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.29, missing analysts’ expectations of $0.33 by -0.04. This compares to $0.36 EPS in the same period last year. The net profit margin was 14.50% and return on equity was 11.03% for HST. The company reported revenue of $1.39 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.87 percent. For the current quarter, analysts expect HST to generate $1.21B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/16/2023. Investors who held shares on 09/30/2023 were paid a $0.18 dividend. On an annualized basis, this represents a $0.61 dividend and a 4.09% percent yield. There was an ex-dividend date of 09/28/2023 for this dividend. In terms of dividend payout ratio, HST is presently at 37.41%.
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 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms. The Company also holds non-controlling interests in seven 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, Four Seasons, Swissôtel, ibis and Novotel, as well as independent brands.
