Host Hotels and Resorts’ (HST) “Market Perform” Rating Reiterated at JMP Securities

JMP Securities reiterated their market perform rating on shares of Host Hotels and Resorts Inc (NYSE:HST) in a research report sent to investors on Friday.

Several other equities research analysts also recently weighed in on HST. Canaccord Genuity reaffirmed a hold rating and issued a $17.00 price objective on shares of Host Hotels and Resorts in a report on Thursday, December 15th. Zacks Investment Research raised shares of Host Hotels and Resorts from a sell rating to a hold rating in a report on Thursday, December 15th. Argus downgraded shares of Host Hotels and Resorts from a buy rating to a hold rating in a report on Thursday, December 15th. Goldman Sachs Group Inc downgraded shares of Host Hotels and Resorts from a neutral rating to a sell rating and upped their price objective for the stock from $15.00 to $16.00 in a report on Thursday, January 19th. Finally, Barclays PLC set a $19.00 price objective on shares of Host Hotels and Resorts and gave the stock a hold rating in a report on Tuesday, February 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. Host Hotels and Resorts has an average rating of Hold and an average target price of $18.02.

Shares of Host Hotels and Resorts (NYSE:HST) traded down 1.36% during midday trading on Friday, reaching $18.79. 3,032,522 shares of the company’s stock traded hands. Host Hotels and Resorts has a 1-year low of $14.30 and a 1-year high of $20.21. The firm’s 50-day moving average price is $18.32 and its 200 day moving average price is $17.66. The stock has a market capitalization of $13.89 billion, a P/E ratio of 18.42 and a beta of 1.30.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business earned $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. Host Hotels and Resorts had a net margin of 14.72% and a return on equity of 11.22%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. On average, equities analysts predict that Host Hotels and Resorts will post $0.67 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Friday, March 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.80 dividend on an annualized basis and a yield of 4.20%. Host Hotels and Resorts’s payout ratio is currently 74.77%.

In other news, CFO Gregory J. Larson sold 23,000 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $18.40, for a total value of $423,200.00. Following the completion of the sale, the chief financial officer now directly owns 157,163 shares of the company’s stock, valued at $2,891,799.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan S. Tyrrell sold 31,147 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $18.01, for a total value of $560,957.47. Following the completion of the sale, the insider now directly owns 93,231 shares of the company’s stock, valued at $1,679,090.31. The disclosure for this sale can be found here. Insiders have sold 221,164 shares of company stock valued at $4,051,776 in the last ninety days. Company insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Host Hotels and Resorts during the fourth quarter valued at about $142,692,000. Standard Life Investments LTD bought a new position in Host Hotels and Resorts during the third quarter valued at about $72,918,000. APG Asset Management N.V. raised its position in Host Hotels and Resorts by 712.6% in the third quarter. APG Asset Management N.V. now owns 3,082,408 shares of the real estate investment trust’s stock valued at $47,993,000 after buying an additional 2,703,100 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Host Hotels and Resorts during the fourth quarter valued at about $46,619,000. Finally, Credit Agricole S A raised its position in Host Hotels and Resorts by 116.6% in the fourth quarter. Credit Agricole S A now owns 3,326,075 shares of the real estate investment trust’s stock valued at $62,664,000 after buying an additional 1,790,350 shares in the last quarter.

About Host Hotels and Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

5 Day Chart for NYSE:HST

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