Short Interest in Host Hotels and Resorts Inc (NYSE:HST) Expands By 6.1%

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.

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, June 27th. Host Hotels and Resorts’s payout ratio is currently 45.20%.

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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