Host Hotels and Resorts (HST) Sets New 12-Month Low at $17.56

Host Hotels and Resorts Inc (NYSE:HST) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $17.56 and last traded at $17.57, with a volume of 112877 shares changing hands. The stock had previously closed at $17.78.

A number of research firms recently issued reports on HST. Zacks Investment Research restated a “hold” rating on shares of Host Hotels and Resorts in a research report on Tuesday, November 13th. Citigroup lowered Host Hotels and Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $24.00 to $19.50 in a research report on Wednesday, December 12th. Wells Fargo & Co set a $22.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research report on Tuesday, November 13th. Finally, Deutsche Bank set a $23.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research report on Saturday, November 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.61.

The company has a debt-to-equity ratio of 0.55, a current ratio of 5.32 and a quick ratio of 5.32. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25.

Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels and Resorts had a return on equity of 12.21% and a net margin of 15.91%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 EPS. As a group, sell-side analysts predict that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.62%. The ex-dividend date is Friday, December 28th. Host Hotels and Resorts’s payout ratio is currently 47.34%.

A number of institutional investors have recently made changes to their positions in HST. San Francisco Sentry Investment Group CA raised its stake in Host Hotels and Resorts by 2,290.9% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,575 shares of the real estate investment trust’s stock valued at $139,000 after acquiring an additional 6,300 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Host Hotels and Resorts by 588.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 8,967 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 7,665 shares in the last quarter. Blair William & Co. IL bought a new stake in Host Hotels and Resorts during the 3rd quarter valued at $209,000. SRS Capital Advisors Inc. bought a new stake in Host Hotels and Resorts during the 3rd quarter valued at $246,000. Finally, Hexavest Inc. raised its stake in Host Hotels and Resorts by 26.6% during the 3rd quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 2,677 shares in the last quarter. 97.69% of the stock is currently owned by hedge funds and other institutional investors.

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About Host Hotels and Resorts (NYSE:HST)

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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