Host Hotels & Resorts Inc. (NYSE: HST): The Best-Of-Breed For Investing?


PGGM Vermogensbeheer BV recently announced the acquisition of new stake in Host Hotels & Resorts Inc. (NYSE:HST). The institutional investor has increased its shareholding in the Real Estate company by 171.02% to 23.47 million shares with purchase of 14.81 million shares. This fresh investment now brings its stake to 3.33% valued currently at $252.96 million. In addition, Northern Trust Investments, Inc.(.. raised its holdings by 0.21 million to 15.46 million shares. And JPMorgan Investment Management, I.. has lifted its position by 109.93% or 5.7 million shares – to 10.89 million shares.

With over 6.87 million Host Hotels & Resorts Inc. (HST) shares trading Tuesday and a closing price of $11.30 on the day, the dollar volume was approximately $77.61 million. The shares have shown a positive weekly performance of 4.82% and its price on 08/25/20 gained nearly 1.89%. Currently, there are 705.10M common shares owned by the public and among those 696.85M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for HST have a consensus price objective of $12.18. The analysts have set the share’s price value over the next 12 months at a high of $15.00 and a low of $8.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Host Hotels & Resorts Inc. stock is 2.60 for the next 12 months. The average price target is 7.22% above its last price level and an upside to the estimated low will see the stock lose -41.25% over that period. But an upside of 24.67% will see the stock hit the forecast high price target while mean target price for the stock is $12.25.

Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 16 of these insider trades were purchases, accounting for 746,057 shares. Insider sales of the common stock occurred on 26 occasions, with total insider shares sold totaling 827,251 shares.

The top 3 mutual fund holders in Host Hotels & Resorts Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard Mid Cap Index Fund. Vanguard Real Estate Index Fund owns 31.47 million shares of the company’s stock, all valued at over $339.24 million. The company sold -0.19 million shares recently to bring their total holdings to about 4.46% of the shares outstanding. Vanguard Total Stock Market Index sold 10664.0 shares to see its total holdings shrink to 20.06 million shares valued at over $216.27 million and representing 2.85% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.12 million shares to bring its total holdings to over 17.32 million shares at a value of $186.66 million. Vanguard Mid Cap Index Fund now owns shares totaling to 2.46% of the shares outstanding.

Shares of Host Hotels & Resorts Inc. (NYSE: HST) opened at $11.21, up $0.12 from a prior closing price of $11.09. However, the script later closed the day at $11.30, up 1.89%. The company’s stock has a 5-day price change of 4.82% and -9.74% over the past three months. HST shares are trading -39.08% year to date (YTD), with the 12-month market performance down to -28.15% lower. It has a 12-month low price of $7.86 and touched a high of $18.85 over the same period. Currently, 6.87 million shares have been traded, compared to an average intraday trading volume of 12.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.70%, 2.07%, and -17.21% respectively.

Institutional ownership of Host Hotels & Resorts Inc. (NYSE: HST) shares accounts for 99.30% of the company’s 705.10M shares outstanding. Mutual fund holders own 45.83%, while other institutional holders and individual stakeholders account for 54.52% and 1.70% respectively.

It has a market capitalization of $8.07B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 98.26, while the earnings-per-share (ttm) stands at $0.12. The company has a PEG of 3.46 and the debt-to-equity ratio at 0.68. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.27% over the week and 4.48% over the month.

Analysts forecast that Host Hotels & Resorts Inc. (HST) will achieve an EPS of -$0.4 for the current quarter, -$0.33 for the next quarter and -$0.45 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.49 while analysts give the company a high EPS estimate of -$0.31. Comparatively, EPS for the current quarter was $0.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -14.30%, and 63.40% over the next financial year. EPS should grow at an annualized rate of 28.40% over the next five years, compared to 5.50% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Host Hotels & Resorts Inc. (HST) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 8 of the 22 advise that investors “hold,” and 4 rated it as a “Sell.”

Looking at the support for the HST, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on July 29, 2020, with the firm’s price target at $10. SunTrust coverage for the Host Hotels & Resorts Inc. (HST) stock in a research note released on July 24, 2020 offered a Sell rating with a price target of. CapitalOne was of a view on June 29, 2020 that the stock is Equal Weight, while BTIG Research gave the stock Buy rating on April 24, 2020, issuing a price target of $16. Jefferies on their part issued Buy rating on March 30, 2020.


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