Cantor Fitzgerald Initiates Coverage on Host Hotels & Resorts with Neutral Rating and PT of $19.

Cantor Fitzgerald Initiates Coverage on Host Hotels & Resorts with Neutral Rating and PT of $19.

Cantor Fitzgerald has initiated coverage on Host Hotels & Resorts, Inc. (HST), assigning a Neutral rating with a price target of $19.00. The investment firm's assessment comes amidst a mixed performance for the REIT, which has seen both gains and setbacks in its stock price over the past year.

Headquartered in Bethesda, Maryland, Host Hotels & Resorts is a leading U.S. real estate investment trust (REIT) specializing in the ownership and operation of luxury and upper-upscale hotels. The company boasts a market capitalization of $11.9 billion, placing it firmly within the large-cap stock category Is Host Hotels & Resorts Stock Underperforming the S&P 500?^[1].

The stock has shown resilience despite recent headwinds. While it has declined 4.9% over the past 52 weeks, it has outperformed its peer, Park Hotels & Resorts Inc. (PK), which has seen a 22.7% plunge over the same period. Additionally, the stock has gained 11.7% over the past three months, outpacing the broader S&P 500 Index's gains of around 8.4% during the same period Is Host Hotels & Resorts Stock Underperforming the S&P 500?^[1].

Analysts remain cautiously optimistic about HST's prospects. Among the 17 analysts covering the stock, the consensus rating is a "Moderate Buy," with a price target of $18.56, suggesting a 7.2% upside potential from current levels Is Host Hotels & Resorts Stock Underperforming the S&P 500?^[1].

Host Hotels & Resorts has been pressured by rising costs, broader economic concerns, inflationary pressure, and slower-than-expected recovery in business and group travel demand. However, the company's operations have shown resilience, and it has been able to maintain a competitive edge among its peers Is Host Hotels & Resorts Stock Underperforming the S&P 500?^[1].

Cantor Fitzgerald's Neutral rating and price target of $19.00 reflect the company's mixed performance and the ongoing challenges it faces in the hospitality sector. As the stock price continues to be influenced by broader economic conditions and travel demand trends, investors should closely monitor HST's financial performance and any potential changes in analyst ratings.