BTIG analyst James W Sullivan downgraded Host Hotels & Resorts (HST) to Hold today. The company’s shares closed last Monday at $15.82, close to its 52-week low of $15.78.
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 8.8% and a 66.2% success rate. Sullivan covers the Financial sector, focusing on stocks such as Camden Property Trust, Essex Property Trust, and CBL and Associates.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Host Hotels & Resorts with a $19.92 average price target.
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Based on Host Hotels & Resorts’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.48 billion and net profit of $286 million. In comparison, last year the company earned revenue of $1.52 billion and had a net profit of $209 million.
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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.
