Deutsche Bank Analysts Give Host Hotels and Resorts (HST) a $23.00 Price Target

Deutsche Bank set a $23.00 price target on Host Hotels and Resorts (NYSE:HST) in a research note released on Friday. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. BTIG Research raised shares of Host Hotels and Resorts from a neutral rating to a buy rating and set a $22.00 price target on the stock in a research report on Monday, December 4th. Robert W. Baird set a $21.00 price target on shares of Host Hotels and Resorts and gave the company a buy rating in a research report on Friday, December 1st. Stifel Nicolaus reissued a buy rating and set a $19.00 price target on shares of Host Hotels and Resorts in a research report on Tuesday, October 17th. Boenning Scattergood reissued a buy rating and set a $20.00 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a buy rating and set a $21.00 price target on shares of Host Hotels and Resorts in a research report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $20.63.

Host Hotels and Resorts (NYSE:HST) opened at $19.52 on Friday. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56. Host Hotels and Resorts has a 12-month low of $17.26 and a 12-month high of $21.53. The firm has a market cap of $14,446.52, a PE ratio of 11.69, a P/E/G ratio of 2.37 and a beta of 1.26.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.10%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 100.00%.

In related news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the completion of the sale, the executive vice president now owns 168,905 shares in the company, valued at $3,454,107.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of HST. Norinchukin Bank The increased its stake in shares of Host Hotels and Resorts by 7.4% in the fourth quarter. Norinchukin Bank The now owns 59,170 shares of the real estate investment trust’s stock worth $1,175,000 after purchasing an additional 4,086 shares in the last quarter. ARP Americas LP increased its stake in shares of Host Hotels and Resorts by 121.3% in the fourth quarter. ARP Americas LP now owns 103,800 shares of the real estate investment trust’s stock worth $2,060,000 after purchasing an additional 56,900 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of Host Hotels and Resorts by 15.7% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 205,110 shares of the real estate investment trust’s stock worth $4,071,000 after purchasing an additional 27,894 shares in the last quarter. American International Group Inc. increased its stake in shares of Host Hotels and Resorts by 8.2% in the fourth quarter. American International Group Inc. now owns 346,854 shares of the real estate investment trust’s stock worth $6,885,000 after purchasing an additional 26,208 shares in the last quarter. Finally, Wealthfront Inc. increased its stake in shares of Host Hotels and Resorts by 19.8% in the fourth quarter. Wealthfront Inc. now owns 33,932 shares of the real estate investment trust’s stock worth $674,000 after purchasing an additional 5,607 shares in the last quarter.

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Host Hotels and Resorts Company Profile

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.

Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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