Investors Buy Large Volume of Call Options on Host Hotels and Resorts (HST)

Host Hotels and Resorts Inc (NYSE:HST) saw unusually large options trading on Wednesday. Stock traders purchased 22,237 call options on the stock. This represents an increase of approximately 1,261% compared to the average daily volume of 1,634 call options.

Several research firms recently weighed in on HST. Boenning Scattergood reissued a “buy” rating and set a $20.00 price objective on shares of Host Hotels and Resorts in a research report on Friday, September 22nd. Deutsche Bank raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, October 12th. Robert W. Baird reissued a “buy” rating and set a $20.00 price objective on shares of Host Hotels and Resorts in a research report on Thursday, October 12th. Stifel Nicolaus reissued a “buy” rating and set a $19.00 price objective on shares of Host Hotels and Resorts in a research report on Tuesday, October 17th. Finally, SunTrust Banks reissued a “hold” rating on shares of Host Hotels and Resorts in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.46.

In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the completion of the sale, the executive vice president now owns 168,905 shares in the company, valued at approximately $3,454,107.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of HST. Pacer Advisors Inc. raised its holdings in Host Hotels and Resorts by 8.3% in the 2nd quarter. Pacer Advisors Inc. now owns 18,182 shares of the real estate investment trust’s stock valued at $332,000 after acquiring an additional 1,399 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Host Hotels and Resorts in the 2nd quarter valued at approximately $190,000. Oppenheimer Asset Management Inc. raised its holdings in Host Hotels and Resorts by 4.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 51,421 shares of the real estate investment trust’s stock valued at $940,000 after acquiring an additional 2,340 shares in the last quarter. Aberdeen Asset Management PLC UK raised its holdings in Host Hotels and Resorts by 23.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 254,704 shares of the real estate investment trust’s stock valued at $4,653,000 after acquiring an additional 48,741 shares in the last quarter. Finally, Chemical Bank grew its stake in shares of Host Hotels and Resorts by 17.7% in the 2nd quarter. Chemical Bank now owns 35,765 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 5,390 shares during the period.

Host Hotels and Resorts (NYSE:HST) opened at $20.36 on Friday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $15,120.00, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.82.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 EPS. equities research analysts expect that Host Hotels and Resorts will post 1.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.80 annualized dividend and a yield of 3.93%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 98.77%.

TRADEMARK VIOLATION WARNING: This article was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.themarketsdaily.com/2018/01/13/investors-buy-large-volume-of-call-options-on-host-hotels-and-resorts-hst.html.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply