NEW YORK (TheStreet) -- Shares of Host Hotels & Resorts (HST - Get Report) are up 0.62% to $17.85 in late afternoon trading today as RBC Capital Markets reduced its stock rating on the Bethesda, MD-based real estate investment trust to "sector perform" from "outperform" this morning.
The firm lowered its price target to $18 from $19. RBC analysts said Host Hotels & Resorts lacks "near-term operational catalysts" and that REIT is expected to see RevPAR growth that's in-line with the sector, TheFly reports.
Additionally, Host Hotels & Resorts posted in-line funds from operations of 49 cents per share for the second quarter last week. Revenue rose 1.4% to $1.46 billion from last year, compared to analysts projected $1.47 billion.
The company said it sees adjusted funds from operations between $1.63 and $1.67 per share for 2016.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate HOST HOTELS & RESORTS INC as a Buy with a ratings score of B. 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 increase in net income, revenue growth, reasonable valuation levels, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: HSTHST data by YCharts