Host Hotels & Resorts Inc. (HST) Sees Large Drop in Short Interest
Host Hotels & Resorts Inc. (NYSE:HST) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 90,062,466 shares, a decrease of 2.8% from the August 31st total of 92,639,827 shares. Approximately 12.4% of the company’s shares are short sold. Based on an average trading volume of 11,890,934 shares, the short-interest ratio is currently 7.6 days.
In other news, CFO Gregory J. Larson sold 40,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.22, for a total transaction of $728,800.00. Following the transaction, the chief financial officer now directly owns 124,929 shares in the company, valued at approximately $2,276,206.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Brian G. Macnamara sold 5,000 shares of the stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $18.21, for a total transaction of $91,050.00. Following the transaction, the senior vice president now owns 54,172 shares in the company, valued at $986,472.12. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in HST. Creative Planning boosted its stake in Host Hotels & Resorts by 5.5% in the second quarter. Creative Planning now owns 6,651 shares of the company’s stock worth $108,000 after buying an additional 345 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Host Hotels & Resorts during the first quarter worth about $110,000. Johnson Financial Group Inc. boosted its stake in Host Hotels & Resorts by 63.4% in the second quarter. Johnson Financial Group Inc. now owns 6,913 shares of the company’s stock worth $112,000 after buying an additional 2,683 shares in the last quarter. First Personal Financial Services boosted its stake in Host Hotels & Resorts by 17.7% in the second quarter. First Personal Financial Services now owns 9,404 shares of the company’s stock worth $153,000 after buying an additional 1,411 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in Host Hotels & Resorts by 134.4% in the second quarter. Capital Analysts LLC now owns 9,591 shares of the company’s stock worth $1,093,000 after buying an additional 5,499 shares in the last quarter.
Host Hotels & Resorts (NYSE:HST) opened at 15.41 on Thursday. The company’s 50-day moving average price is $16.78 and its 200 day moving average price is $16.41. The company has a market capitalization of $11.44 billion, a PE ratio of 14.85 and a beta of 1.57. Host Hotels & Resorts has a 52 week low of $12.17 and a 52 week high of $18.56.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.49 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Host Hotels & Resorts had a return on equity of 10.97% and a net margin of 14.34%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 EPS. On average, equities research analysts anticipate that Host Hotels & Resorts will post $1.66 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Wednesday, September 28th. Host Hotels & Resorts’s dividend payout ratio is presently 76.92%.
Several research analysts have recently weighed in on HST shares. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $16.00 to $15.00 in a report on Wednesday, July 13th. Argus raised their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, August 24th. Canaccord Genuity restated a “hold” rating and issued a $18.00 price target on shares of Host Hotels & Resorts in a report on Tuesday, August 16th. Royal Bank Of Canada lowered shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $19.00 to $18.00 in a report on Monday, August 1st. Finally, Zacks Investment Research lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.71.
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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