Shares of Host Hotels and Resorts Inc (NYSE:HST) have been given a consensus rating of “Hold” by the eighteen brokerages that are covering the firm. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.11.
Several research firms recently commented on HST. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Thursday, January 5th. Canaccord Genuity restated a “hold” rating and set a $20.00 price target on shares of Host Hotels and Resorts in a report on Wednesday, January 4th. Argus cut shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Barclays PLC set a $19.00 target price on shares of Host Hotels and Resorts and gave the company a “hold” rating in a research note on Tuesday, February 14th. Finally, Evercore ISI cut shares of Host Hotels and Resorts from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd.
Host Hotels and Resorts (NYSE:HST) opened at 18.44 on Monday. Host Hotels and Resorts has a 1-year low of $14.30 and a 1-year high of $20.21. The company has a market capitalization of $13.63 billion, a P/E ratio of 18.08 and a beta of 1.30. The firm’s 50-day moving average is $18.23 and its 200-day moving average is $17.34.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Host Hotels and Resorts had a net margin of 14.72% and a return on equity of 11.22%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.39 earnings per share. Equities research analysts predict that Host Hotels and Resorts will post $0.67 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Wednesday, March 29th. Host Hotels and Resorts’s dividend payout ratio is 74.77%.
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In other news, CFO Gregory J. Larson sold 40,678 shares of Host Hotels and Resorts stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $18.24, for a total value of $741,966.72. Following the transaction, the chief financial officer now owns 220,841 shares of the company’s stock, valued at $4,028,139.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Joanne G. Hamilton sold 15,254 shares of Host Hotels and Resorts stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $18.25, for a total transaction of $278,385.50. Following the completion of the transaction, the executive vice president now directly owns 61,358 shares in the company, valued at approximately $1,119,783.50. The disclosure for this sale can be found here. In the last three months, insiders sold 256,591 shares of company stock worth $4,713,892. Insiders own 1.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in Host Hotels and Resorts by 16.9% in the third quarter. Creative Planning now owns 7,775 shares of the company’s stock worth $121,000 after buying an additional 1,124 shares in the last quarter. Penserra Capital Management LLC raised its position in Host Hotels and Resorts by 60.0% in the third quarter. Penserra Capital Management LLC now owns 7,817 shares of the company’s stock worth $121,000 after buying an additional 2,932 shares in the last quarter. Two Sigma Securities LLC purchased a new position in Host Hotels and Resorts during the third quarter worth approximately $158,000. Crow Point Partners LLC purchased a new position in Host Hotels and Resorts during the third quarter worth approximately $174,000. Finally, Motco purchased a new position in Host Hotels and Resorts during the third quarter worth approximately $176,000.
About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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