Host Hotels & Resorts was Downgraded to a Hold Rating at Evercore ISI

Evercore ISI analyst Richard Hightower downgraded Host Hotels & Resorts (NYSE: HST) to Hold on June 11. The company’s shares opened today at $21.47.

According to, Hightower is a 3-star analyst with an average return of 8.7% and a 53.8% success rate. Hightower covers the Financial sector, focusing on stocks such as Park Hotels & Resorts Inc, Lasalle Hotel Properties, and Pebblebrook Hotel.

Currently, the analyst consensus on Host Hotels & Resorts is Hold and the average price target is $21.17, representing a -1.4% downside.

In a report issued on May 31, Jefferies also initiated coverage with a Hold rating on the stock with a $22 price target.

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Based on Host Hotels & Resorts’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.35 billion and net profit of $253 million. In comparison, last year the company earned revenue of $1.35 billion and had a net profit of $158 million.

Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is negative on the stock.

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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 on October 8, 1993 and is headquartered in Bethesda, MD.

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