Host Hotels & Resorts (HST) Stock Gains on Acquisition, Stock Buyback, Analyst Upgrade

NEW YORK (TheStreet) -- Host Hotels & Resorts (HST) shares are up 1.55% to $20.01 in trading on Friday following the acquisition of a $400 million luxury hotel in Arizona and the announcement that it bought back 5.55 million common shares earlier this week.

Additionally, analysts at Stifel to upgrade the company's stock to a "buy" rating from "hold" with a $25 price target today, saying that the company's current value is too cheap to not invest in.

The Bethesda, MD-based real estate investment trust purchased the 643 room luxury hotel Phoenician in downtown Scottsdale, AZ on Tuesday and announced that it was purchasing about $117 million worth of its own shares.

"I am very excited to announce the progress we have made on a number of fronts. I am proud of our team's accomplishments to create value for stockholders through a major accretive acquisition at a significant discount to replacement cost, asset sales that increase the overall quality of our portfolio, stock repurchases and continuing progress on our redevelopment projects," said CEO W. Edward Walter.

TheStreet Ratings team rates HOST HOTELS & RESORTS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate HOST HOTELS & RESORTS INC (HST) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, good cash flow from operations and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

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