In a report released today, Chris Woronka from Deutsche Bank maintained a Buy rating on Host Hotels & Resorts (HST – Research Report), with a price target of $26.00. The company’s shares closed last Thursday at $17.68.
According to TipRanks.com, Woronka is a 4-star analyst with an average return of 7.0% and a 44.6% success rate. Woronka covers the Services sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Lindblad Expeditions Holdings, and Life Time Group Holdings.
Currently, the analyst consensus on Host Hotels & Resorts is a Moderate Buy with an average price target of $22.56, which is a 19.4% upside from current levels. In a report issued on August 3, BMO Capital also maintained a Buy rating on the stock with a $22.00 price target.
Based on Host Hotels & Resorts’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.07 billion and net profit of $116 million. In comparison, last year the company earned revenue of $399 million and had a GAAP net loss of $152 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HST in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Host Hotels & Resorts, Inc. is a self-managed and self-administered real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the Hotel Ownership segment. Its properties are located in U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.
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