Host Hotels & Resorts (NASDAQ:HST) Director Sells 2,466 Shares of Company Stock

Host Hotels & Resorts, Inc. (NASDAQ:HST) Director Mary Baglivo sold 2,466 shares of the business’s stock in a transaction 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 sale, the director owned 2 shares of the company’s stock, valued at approximately $50.70. The trade was a 99.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $341,674.61.

Host Hotels & Resorts Trading Up 2.6%

Host Hotels & Resorts stock traded up $0.65 during mid-day trading on Tuesday, hitting $25.93. The stock had a trading volume of 8,242,480 shares, compared to its average volume of 8,972,312. The stock has a 50-day simple moving average of $23.27 and a two-hundred day simple moving average of $22.12. The stock has a market capitalization of $17.77 billion, a PE ratio of 18.93, a P/E/G ratio of 3.61 and a beta of 1.09. Host Hotels & Resorts, Inc. has a 12 month low of $16.77 and a 12 month high of $26.19. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. Host Hotels & Resorts had a return on equity of 14.19% and a net margin of 15.01%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 58.39%.

Host Hotels & Resorts News Roundup

Here are the key news stories impacting Host Hotels & Resorts this week:

• Positive Sentiment: Zacks describes HST as a strong momentum stock, which may appeal to momentum-focused investors. Article: Here’s Why Host Hotels (HST) is a Strong Momentum Stock
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $24 to $27 but kept a neutral rating; the new target implies limited upside from the quoted share price. Cantor Fitzgerald ratings
• Negative Sentiment: Multiple insiders reported share sales. Director Mary Baglivo sold nearly all her remaining shares, while EVP Sourav Ghosh sold 93,863 shares and EVP Nathan Tyrrell sold 50,000. A separate report cited $16.7 million in insider sales, which could raise concern about insider confidence. Article: Host Hotels & Resorts Insider Sold Shares Worth $16,728,116

Analysts Set New Price Targets

HST has been the topic of several analyst reports. Barclays increased their price objective on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. upped their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Finally, Evercore set a $26.00 price target on Host Hotels & Resorts in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $25.55.

Institutional Investors Weigh In On Host Hotels & Resorts

Several large investors have recently bought and sold shares of HST. Voya Investment Management LLC boosted its position in shares of Host Hotels & Resorts by 101.4% during the third quarter. Voya Investment Management LLC now owns 690,004 shares of the company’s stock worth $15,449,000 after purchasing an additional 347,483 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Host Hotels & Resorts by 7.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 194,739 shares of the company’s stock valued at $4,491,000 after buying an additional 12,918 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth $2,426,000. HighTower Advisors LLC raised its stake in Host Hotels & Resorts by 10.2% during the 3rd quarter. HighTower Advisors LLC now owns 75,479 shares of the company’s stock worth $1,690,000 after buying an additional 6,963 shares during the period. Finally, Intech Investment Management LLC raised its stake in Host Hotels & Resorts by 35.0% during the 3rd quarter. Intech Investment Management LLC now owns 119,892 shares of the company’s stock worth $2,684,000 after buying an additional 31,107 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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.