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Host Hotels and Resorts (NYSE:HST) Downgraded to Sell at ValuEngine

Host Hotels and Resorts (NYSE:HST) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday, November 8th, ValuEngine reports.

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A number of other equities research analysts have also recently commented on HST. JPMorgan Chase & Co. decreased their target price on shares of Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. BMO Capital Markets assumed coverage on shares of Host Hotels and Resorts in a research report on Wednesday, October 16th. They set an “outperform” rating and a $19.00 target price for the company. Stifel Nicolaus set a $20.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank decreased their target price on shares of Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Barclays set a $21.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $19.65.

Shares of NYSE HST traded up $0.08 during midday trading on Friday, reaching $17.14. 3,195,783 shares of the company’s stock traded hands, compared to its average volume of 6,668,556. The company has a quick ratio of 7.70, a current ratio of 7.70 and a debt-to-equity ratio of 0.59. The stock’s 50 day simple moving average is $16.78 and its 200-day simple moving average is $17.54. Host Hotels and Resorts has a one year low of $15.51 and a one year high of $20.34. The company has a market cap of $12.24 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 1.94 and a beta of 1.11.

Several hedge funds and other institutional investors have recently made changes to their positions in HST. Fulton Bank N.A. lifted its stake in shares of Host Hotels and Resorts by 12.3% in the second quarter. Fulton Bank N.A. now owns 72,530 shares of the real estate investment trust’s stock worth $1,322,000 after buying an additional 7,924 shares in the last quarter. KAMES CAPITAL plc raised its stake in Host Hotels and Resorts by 46.5% during the second quarter. KAMES CAPITAL plc now owns 479,335 shares of the real estate investment trust’s stock worth $8,724,000 after purchasing an additional 152,081 shares during the period. Scout Investments Inc. raised its stake in Host Hotels and Resorts by 17.9% during the second quarter. Scout Investments Inc. now owns 3,855,543 shares of the real estate investment trust’s stock worth $70,248,000 after purchasing an additional 584,239 shares during the period. LGT Capital Partners LTD. raised its stake in Host Hotels and Resorts by 6.3% during the second quarter. LGT Capital Partners LTD. now owns 342,710 shares of the real estate investment trust’s stock worth $6,244,000 after purchasing an additional 20,200 shares during the period. Finally, Patten Group Inc. raised its stake in shares of Host Hotels and Resorts by 2.8% in the 2nd quarter. Patten Group Inc. now owns 48,091 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 1,300 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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