Barclays set a $21.00 price objective on Host Hotels and Resorts (NYSE:HST) in a research note released on Monday morning, TipRanks reports. The firm currently has a buy rating on the real estate investment trust’s stock.

HST has been the subject of a number of other reports. Deutsche Bank reissued a buy rating and issued a $23.00 price objective on shares of Host Hotels and Resorts in a research note on Thursday, August 8th. ValuEngine cut shares of Host Hotels and Resorts from a hold rating to a sell rating in a research note on Tuesday, July 9th. Capital One Financial began coverage on shares of Host Hotels and Resorts in a research note on Tuesday, June 25th. They issued an overweight rating and a $23.00 price objective for the company. BTIG Research reduced their price objective on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a buy rating for the company in a research note on Thursday, June 27th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $18.00 price objective on shares of Host Hotels and Resorts and gave the stock a sell rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $20.72.

HST traded down $0.68 during trading on Monday, hitting $15.82. The company’s stock had a trading volume of 8,815,923 shares, compared to its average volume of 6,772,687. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.11 and a current ratio of 5.12. Host Hotels and Resorts has a one year low of $15.78 and a one year high of $21.94. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 1.89 and a beta of 1.13. The stock has a 50 day moving average price of $17.68.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $0.28 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Analysts expect that Host Hotels and Resorts will post 1.76 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.06%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

In other news, Director Walter C. Rakowich sold 2,895 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the completion of the sale, the director now directly owns 44,982 shares of the company’s stock, valued at $862,304.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HST. FMR LLC lifted its position in Host Hotels and Resorts by 3.0% during the first quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock valued at $330,307,000 after purchasing an additional 514,020 shares during the last quarter. Geode Capital Management LLC lifted its position in Host Hotels and Resorts by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 12,077,527 shares of the real estate investment trust’s stock valued at $201,051,000 after purchasing an additional 858,560 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Host Hotels and Resorts by 60.2% during the second quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after purchasing an additional 3,850,979 shares during the last quarter. Invesco Ltd. lifted its position in Host Hotels and Resorts by 17.4% during the second quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock valued at $185,492,000 after purchasing an additional 1,505,749 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Host Hotels and Resorts by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,647,729 shares of the real estate investment trust’s stock valued at $175,782,000 after purchasing an additional 298,929 shares during the last quarter. 97.81% of the stock is owned by institutional investors.

Host Hotels and Resorts 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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