Host Hotels and Resorts Inc (NYSE:HST) saw a large growth in short interest in June. As of June 30th, there was short interest totalling 35,271,800 shares, a growth of 6.1% from the May 30th total of 33,255,500 shares. Based on an average daily volume of 6,470,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 4.8% of the shares of the company are short sold.
HST stock opened at $18.30 on Wednesday. Host Hotels and Resorts has a 1 year low of $15.94 and a 1 year high of $22.06. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51. The company has a 50 day moving average of $18.28. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 10.34, a P/E/G ratio of 2.01 and a beta of 1.13.
Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company earned $0.43 EPS. Host Hotels and Resorts’s revenue was up 3.3% on a year-over-year basis. On average, analysts anticipate that Host Hotels and Resorts will post 1.81 EPS for the current year.
In other news, VP Nathan S. Tyrrell sold 1,685 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.73, for a total transaction of $33,245.05. Following the sale, the vice president now owns 162,713 shares of the company’s stock, valued at approximately $3,210,327.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 2,895 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $55,497.15. Following the sale, the director now directly owns 44,982 shares in the company, valued at approximately $862,304.94. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. FMR LLC raised its holdings in Host Hotels and Resorts by 3.0% in the 1st quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock valued at $330,307,000 after acquiring an additional 514,020 shares during the last quarter. Geode Capital Management LLC raised its holdings in Host Hotels and Resorts by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 12,077,527 shares of the real estate investment trust’s stock valued at $201,051,000 after acquiring an additional 858,560 shares during the last quarter. Deutsche Bank AG raised its holdings in Host Hotels and Resorts by 10.9% in the 4th quarter. Deutsche Bank AG now owns 10,162,515 shares of the real estate investment trust’s stock valued at $169,403,000 after acquiring an additional 999,565 shares during the last quarter. Norges Bank acquired a new position in Host Hotels and Resorts in the 4th quarter valued at $123,703,000. Finally, LSV Asset Management raised its holdings in Host Hotels and Resorts by 2.1% in the 1st quarter. LSV Asset Management now owns 6,520,774 shares of the real estate investment trust’s stock valued at $123,242,000 after acquiring an additional 134,800 shares during the last quarter. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
HST has been the topic of several research analyst reports. Morgan Stanley set a $226.00 price target on S&P Global and gave the stock a “hold” rating in a research note on Friday, May 3rd. BTIG Research decreased their price target on Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research note on Thursday, June 27th. They noted that the move was a valuation call. Capital One Financial initiated coverage on Summit Hotel Properties in a research note on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 price target on the stock. Zacks Investment Research lowered Granite Point Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. Host Hotels and Resorts currently has an average rating of “Hold” and an average price target of $20.92.
Host Hotels and Resorts Company Profile
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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.
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