Morgan Stanley Maintains Host Hotels and Resorts Inc to Equal-weight with Price Target $16.00

Brokerage firm Morgan Stanley Maintains its rating on Host Hotels and Resorts Inc(NYSE:HST). In a research note issued to the investors, the brokerage major Lowers the price-target to $16.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Aug 1, 2016.

In a different note, On Jul 20, 2016, Evercore ISI Group said it Downgrades its rating on Host Hotels and Resorts Inc. The shares have been rated ‘Hold’ by the firm. On Jul 13, 2016, JP Morgan said it Downgrades its rating on Host Hotels and Resorts Inc. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 18, 2016, Raymond James said it Upgrades its rating on Host Hotels and Resorts Inc. The shares have been rated ‘Market Perform’ by the firm.

Host Hotels and Resorts Inc (HST) made into the market gainers list on Mondays trading session with the shares advancing 2.24% or 0.4 points. Due to strong positive momentum, the stock ended at $18.24, which is also near the day’s high of $18.28. The stock began the session at $17.91 and the volume stood at 1,12,80,856 shares. The 52-week high of the shares is $19.66 and the 52 week low is $12.17. The company has a current market capitalization of $13,543 M and it has 74,24,81,850 shares in outstanding.

Host Hotels and Resorts Inc(HST) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.46B. Analysts had an estimated revenue of $1.47B. Earnings per share were $0.49. Analysts had estimated an EPS of $0.49.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2016, Brian G Macnamara (SVP, Controller) sold 5,000 shares at $16.86 per share price.Also, On Feb 10, 2016, Minaz Abji (EVP, Asset Management) sold 49,000 shares at $17.65 per share price.On Dec 21, 2015, Richard E Marriott (Chairman of the Board) sold 32,000 shares at $15.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Host Hotels & Resorts Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc. owns properties and conducts operations through Host Hotels & Resorts L.P. (Host L.P.) of which Host Inc. is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31 2014. As of February 20 2015 the Company’s lodging portfolio consists of 114 luxury and upper-upscale hotels containing approximately 59000 rooms with the majority located in the United States and with 17 of the properties located outside of the United States in Australia Brazil Canada Chile Mexico and New Zealand. In addition the Company owns non-controlling interests in two international joint ventures.

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