Key Points
- Insider sale: EVP Nathan Tyrrell sold 9,086 shares at an average price of $18.47 on Dec. 12 for roughly $167,818, reducing his stake by 1.36% to 659,841 shares, per an SEC filing.
- Strong quarter and guidance: Host Hotels reported Q3 EPS of $0.35 (vs. $0.33 estimate) and $1.33B in revenue, and set FY2025 guidance at 2.030 EPS while analysts forecast about 1.88 EPS for the current fiscal year.
- Dividend and ownership: The company declared a $0.15 per-share annual dividend payable Jan. 15 (ex-dividend Dec. 31) with a dividend payout ratio of 76.19%, and institutional investors own roughly 98.52% of the stock.
Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) EVP Nathan Tyrrell sold 9,086 shares of the firm's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $18.47, for a total value of $167,818.42. Following the sale, the executive vice president owned 659,841 shares of the company's stock, valued at $12,187,263.27. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Host Hotels & Resorts Price Performance
NASDAQ HST opened at $18.64 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.75 and a beta of 1.18. The company has a 50 day simple moving average of $17.05 and a 200-day simple moving average of $16.62. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.03.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. Host Hotels & Resorts had a net margin of 12.43% and a return on equity of 11.11%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.36 EPS. The company's revenue for the quarter was up .9% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The company also recently disclosed an annual dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a yield of 82.0%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 76.19%.
Institutional Investors Weigh In On Host Hotels & Resorts
A number of large investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $554,669,000. Caisse de depot et placement du Quebec boosted its holdings in shares of Host Hotels & Resorts by 475.8% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 7,061,055 shares of the company's stock worth $120,179,000 after buying an additional 5,834,750 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Host Hotels & Resorts by 96.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company's stock worth $176,845,000 after acquiring an additional 5,096,099 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Host Hotels & Resorts by 508.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,631,541 shares of the company's stock worth $95,849,000 after acquiring an additional 4,705,282 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Host Hotels & Resorts by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,370,907 shares of the company's stock worth $125,454,000 after acquiring an additional 2,999,082 shares during the last quarter. Institutional investors own 98.52% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HST shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Host Hotels & Resorts in a research report on Monday, December 8th. Wells Fargo & Company upgraded Host Hotels & Resorts to a "strong-buy" rating in a report on Friday, October 3rd. Evercore ISI cut shares of Host Hotels & Resorts from an "outperform" rating to an "in-line" rating and set a $20.00 target price for the company. in a research note on Tuesday, November 11th. Truist Financial increased their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a "hold" rating in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald started coverage on shares of Host Hotels & Resorts in a report on Wednesday, October 1st. They set a "neutral" rating and a $19.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.54.
View Our Latest Report on Host Hotels & Resorts
About Host Hotels & Resorts
(
Get Free Report)
Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.
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