Barclays analyst Richard Hightower initiated coverage of Host Hotels (HST) with an Equal Weight rating and $19 price target The firm launched coverage of seven hotel real estate investment trusts. The firm believes the hotel REITs will continue to function mainly as a short- term trading sector for many REIT investors, rather than as a potential source of long-term excess returns. Barclays favors companies with “definable business strategies and solid balance sheets.”
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HST:
- Host Hotels announces special dividend of 15c per share on common stock
- Host Hotels price target raised to $21 from $19 at Truist
- Host Hotels downgraded to In Line from Outperform at Evercore ISI
- Host Hotels price target raised to $18 from $17 at JPMorgan
- Host Hotels upgraded to Buy from Neutral at Compass Point