Key Points
- EVP Nathan Tyrrell sold 50,000 shares for about $1.27 million at an average $25.34 per share, reducing his ownership by 8.14% to 563,907 shares.
- Host Hotels & Resorts reported quarterly EPS of $0.10, topping the $0.09 consensus, while revenue of $1.35 billion came in slightly below estimates. Revenue rose 1.2% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $25.55; the company’s annualized dividend was $0.80 per share, a reported yield of 3.1%.
Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) Director Mary Baglivo sold 2,466 shares of the stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $25.35, for a total value of $62,513.10. Following the completion of the transaction, the director directly owned 2 shares in the company, valued at approximately $50.70. This trade represents a 99.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mary Baglivo also recently made the following trade(s):
- On Friday, November 6th, Mary Baglivo sold 13,963 shares of Host Hotels & Resorts stock. The shares were sold at an average price of $24.47, for a total transaction of $341,674.61.
Host Hotels & Resorts Price Performance
NASDAQ HST opened at $25.93 on Wednesday. The company has a current ratio of 5.79, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $17.77 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.43 and a beta of 1.09. The firm's fifty day simple moving average is $23.35 and its two-hundred day simple moving average is $22.15. Host Hotels & Resorts, Inc. has a 12-month low of $16.77 and a 12-month high of $26.19.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Host Hotels & Resorts had a return on equity of 14.33% and a net margin of 15.01%. The company's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Analysts forecast that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.1%. Host Hotels & Resorts's dividend payout ratio (DPR) is 58.39%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of HST. BlackRock Inc. purchased a new position in shares of Host Hotels & Resorts in the second quarter worth approximately $2,096,191,000. Deutsche Bank AG bought a new position in Host Hotels & Resorts in the second quarter worth $296,560,000. Bank of America Corp DE bought a new stake in Host Hotels & Resorts in the second quarter valued at $295,807,000. Dimensional Fund Advisors LP grew its position in Host Hotels & Resorts by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company's stock worth $201,042,000 after acquiring an additional 118,043 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in Host Hotels & Resorts by 253.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,096,636 shares of the company's stock valued at $116,812,000 after buying an additional 4,373,449 shares during the last quarter. Institutional investors own 98.52% of the company's stock.
More Host Hotels & Resorts News
Here are the key news stories impacting Host Hotels & Resorts this week:
- Positive Sentiment: Zacks describes HST as a strong momentum stock, which may attract investors focused on recent price trends. Read the Zacks article
- Neutral Sentiment: Cantor Fitzgerald raised its price target from $24 to $27 but kept a neutral rating, signaling improved valuation expectations without an outright bullish recommendation.
- Neutral Sentiment: A report listed short interest at zero shares, indicating no reported short position to suggest meaningful short-covering demand; the figure may be subject to reporting limitations.
- Negative Sentiment: Several insiders reported selling shares. Director Mary Baglivo sold nearly all of her direct holdings, while EVP Sourav Ghosh and EVP Nathan Tyrrell also reduced their positions. Such sales can weigh on sentiment, although both executives retained substantial shareholdings. Read the insider-sale report
Analysts Set New Price Targets
A number of research firms have recently weighed in on HST. Weiss Ratings lowered Host Hotels & Resorts from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday. Morgan Stanley boosted their target price on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 12th. Truist Financial upped their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. Cantor Fitzgerald lifted their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Evercore set a $26.00 target price on Host Hotels & Resorts in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $25.55.
View Our Latest Stock Report on Host Hotels & Resorts
Host Hotels & Resorts Company Profile
(
Get Free Report)
Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company's hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.
Further Reading
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