Host Hotels & Resorts (NYSE: HST) was the recipient of a ratings changes during the seven days:
- Host Hotels & Resorts had its price target raised by analysts at Barclays Capital from $17.00 to $18.00. They now have an “equal weight” rating on the stock.
- Host Hotels & Resorts had its price target raised by analysts at Deutsche Bank from $17.00 to $18.00.
- Host Hotels & Resorts had its price target raised by analysts at Raymond James from $18.00 to $19.00. They now have an “outperform” rating on the stock.
- Host Hotels & Resorts had its “neutral” rating reaffirmed by analysts at Goldman Sachs. They now have a $17.50 price target on the stock, up previously from $16.50. They wrote, “Our new FFO per share estimates for 2013 and 2014 are $1.24 and $1.37, changed from $1.26 and $1.45. Our EBITDA 2013-2014 estimates move to $1,284/$1,390 (from $1,262mn/$1,401mn earlier). The slightly lower FFO estimates reflect higher share count. With this update, we introduce FY2015E FFO of $1.48 and EBITDA of $1,469mn. In 2013, we expect Host to make further progress in realigning its secondary market portfolio. With ample liquidity in place, the company is likely to focus on gateway cities and be a net acquirer. Our DCF, EV/EBITDA and P/FFO multiple-based 12-month price target is raised to $17.50 from $16.50 to reflect our new estimates and modestly higher EBITDA (13.5X vs 12.5X earlier) and FFO multiples (11.5X vs 11.25X earlier) to reflect the company’s healthy RevPAR trends.”
- Host Hotels & Resorts had its price target raised by analysts at RBC Capital from $19.00 to $20.00. They now have a “top pick” rating on the stock.
- Host Hotels & Resorts had its price target raised by analysts at Cantor Fitzgerald from $18.00 to $19.00.
- Host Hotels & Resorts had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $17.00 price target on the stock.
Host Hotels & Resorts traded down 0.36% on Friday, hitting $16.61. Host Hotels & Resorts has a 52-week low of $13.58 and a 52-week high of $17.57. The stock’s 50-day moving average is currently $16.80. The company has a market cap of $12.036 billion and a price-to-earnings ratio of 211.01.
Host Hotels & Resorts, Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT).
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