Host Hotels & Resorts, Inc. (NASDAQ:HST) Director Sells $64,516.90 in Stock

Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) Director Walter C. Rakowich sold 3,290 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. 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’s stock, valued at approximately $1,040,957.63. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NASDAQ:HST traded up $0.12 on Monday, reaching $18.73. 8,872,964 shares of the company’s stock traded hands, 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 debt-to-equity 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 firm has a market cap of $13.39 billion, a PE ratio of 53.17 and a beta of 1.15. Host Hotels & Resorts, Inc. has a 12 month low of $14.67 and a 12 month high of $21.63.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $949.39 million. Host Hotels & Resorts had a return on equity of 4.06% and a net margin of 7.21%. The business’s quarterly revenue was up 169.2% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.06 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.24 annualized dividend and a yield of 1.28%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.03. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 34.29%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HST. Nomura Asset Management Co. Ltd. boosted its position in shares of Host Hotels & Resorts by 6.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 765,340 shares of the company’s stock valued at $13,309,000 after buying an additional 47,119 shares during the period. Royal London Asset Management Ltd. boosted its position in shares of Host Hotels & Resorts by 3.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 275,245 shares of the company’s stock valued at $4,788,000 after buying an additional 8,460 shares during the period. Yousif Capital Management LLC purchased a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $2,291,000. JPMorgan Chase & Co. boosted its position in shares of Host Hotels & Resorts by 21.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,513,346 shares of the company’s stock valued at $878,428,000 after buying an additional 8,935,955 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $201,000.

HST has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, March 10th. Raymond James raised Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Wednesday, March 16th. Zacks Investment Research downgraded Host Hotels & Resorts from a “strong-buy” rating to a “hold” rating and set a $21.50 price target on the stock. in a research report on Tuesday, May 17th. Jefferies Financial Group upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and upped their target price for the stock from $20.00 to $25.00 in a research note on Wednesday, March 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Host Hotels & Resorts from $23.00 to $26.00 in a research note on Friday, May 6th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. 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 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 upper-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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