Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) Director Walter C. Rakowich sold 3,290 shares of the company in a trade that took place on Friday, May 20. The stock was sold at an average price of $19.61, for a total value of $64,516.90. Following the transaction, the director now owns 53,083 shares of the company, valued at approximately $1,040,957.63. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.
NASDAQ: HST traded down $0.12 on Monday, hitting $18.73. 8,872,964 shares of the company have been traded, compared to its average volume of 8,716,531. The company has a quick ratio of 4.03, a current ratio of 4.03 and a leverage ratio of 0.65 . The stock has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $18.16. The company has a market capitalization of $13.39 billion, a PE ratio of 53.17 and a beta of 1.15. Host Hotels & Resorts, Inc. has a 12 month minimum of $14.67 and a 12 month maximum of $21.63.
Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released its quarterly results on Wednesday, May 4. The company reported EPS of $0.16 for the quarter, beating consensus analyst estimates of $0.02 from $0.14. The company posted revenue of $1.07 billion for the quarter, versus $949.39 million expected by analysts. Host Hotels & Resorts achieved a return on equity of 4.06% and a net margin of 7.21%. The company’s quarterly revenue increased 169.2% year over year. During the same period last year, the company made earnings per share of $0.01. On average, stock analysts expect Host Hotels & Resorts, Inc. to post 1.57 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.06. The ex-dividend date is Wednesday, June 29. This represents an annualized dividend of $0.24 and a yield of 1.28%. This is a positive change from Host Hotels & Resorts’ previous quarterly dividend of $0.03. Host Hotels & Resorts’ dividend payout ratio (DPR) is currently 34.29%.
A number of institutional investors and hedge funds have recently increased or reduced their holdings in HST. Nomura Asset Management Co. Ltd. increased its position in Host Hotels & Resorts shares by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 765,340 shares of the company valued at $13,309,000 after purchasing an additional 47,119 shares during the period. Royal London Asset Management Ltd. increased its position in Host Hotels & Resorts shares by 3.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 275,245 shares of the company valued at $4,788,000 after purchasing an additional 8,460 shares during the period. Yousif Capital Management LLC purchased a new stock position in Host Hotels & Resorts during the fourth quarter, valued at approximately $2,291,000. JPMorgan Chase & Co. increased its position in Host Hotels & Resorts shares by 21.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,513,346 shares of the company valued at $878,428,000 after purchasing an additional 8,935,955 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. bought a new stock position in Host Hotels & Resorts during the fourth quarter worth approximately $201,000.
The HST has been the subject of a number of reports by research analysts. Wells Fargo & Company raised its target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “equal weight” rating in a Thursday, March 10 research note. Raymond James upgraded Host Hotels & Resorts from a “market performer” rating to an “outperformer” rating and set a target price of $21.00 on the stock in a Wednesday, March 16 research report . Zacks Investment Research downgraded Host Hotels & Resorts from a “strong buy” rating to a “hold” rating and set a price target of $21.50 for the stock. in a research report on Tuesday, May 17. Jefferies Financial Group upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and raised its target price for the stock from $20.00 to $25.00 in a research note from the Wednesday March 30. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Host Hotels & Resorts from $23.00 to $26.00 in a Friday, May 6 research note. Five research analysts gave the stock a hold rating and seven gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $21.23.
Host Hotels & Resorts Company Profile (Get a rating)
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
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