Hudson Securities Raising Price Target On Host Hotels & Resorts (HST)

Hudson Securities has a Hold rating and is raising its price target on shares of Host Hotels & Resorts, Inc. HST to $16, from $14. In a note to clients, Hudson writes, "HST reported adjusted 4Q10 FFO per share of $0.28, which was in-line with our estimate, and a penny above the Street. Management provided 2011 guidance that was below consensus for FFO per share and in-line for EBITDA. The company has been very active from an acquisition standpoint and announced it was purchasing the New York Helmsley, the Grand Hyatt in San Diego, and 7 hotel properties in New Zealand." Shares of HST are up 13 cents in pre-market trading to $19.00, a gain of 0.69%.