The price of Host Hotels & Resorts Inc (NASDAQ:HST) shares last traded on Wall Street rose 2.82% to $16.76.
Based on available information, 23 analysts follow Host Hotels & Resorts Inc (NASDAQ:HST). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $15.00, we find $21.00. Given the previous closing price of $16.30, this indicates a potential upside of 28.83 percent. HST stock price is now 5.16% away from the 50-day moving average and 0.34% away from the 200-day moving average. The market capitalization of the company currently stands at $11.93B.
Among analysts, 4 rate the stock a hold while 13 rate it a buy. 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 $0.98 million. Insiders disposed of 162,142 shares of company stock worth roughly $2.72 million over the past 1 year. A total of 1.12% of the company’s stock is owned by insiders.
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 $15.68B, which is based on a 15.86 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.29. The fifty day moving average price for HST is $15.96 and a two-hundred day moving average price translates $16.70 for the stock.
The latest earnings results from Host Hotels & Resorts Inc (NASDAQ: HST) was released for Sep, 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 14.38% and return on equity was 11.04% 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.
