Host Hotels & Resorts Inc. (NYSE:HST) saw a significant decline in short interest in September. As of September 30th, there was short interest totalling 82,081,856 shares, a decline of 8.9% from the September 15th total of 90,062,466 shares. Based on an average daily trading volume, of 10,252,595 shares, the short-interest ratio is presently 8.0 days. Currently, 11.3% of the company’s stock are sold short.

A number of brokerages recently commented on HST. Deutsche Bank AG reissued a “hold” rating on shares of Host Hotels & Resorts in a research note on Sunday, June 26th. Citigroup Inc. boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. Morgan Stanley reissued a “hold” rating and issued a $16.00 price objective on shares of Host Hotels & Resorts in a research note on Tuesday, August 2nd. BTIG Research began coverage on shares of Host Hotels & Resorts in a research note on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, RBC Capital Markets downgraded shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $19.00 to $18.00 in a research note on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.63.

Shares of Host Hotels & Resorts (NYSE:HST) opened at 15.44 on Monday. The stock’s 50 day moving average is $16.25 and its 200 day moving average is $16.37. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 14.87 and a beta of 1.57. Host Hotels & Resorts has a 1-year low of $12.17 and a 1-year high of $18.56.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Friday, July 29th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. The business earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Host Hotels & Resorts had a net margin of 14.34% and a return on equity of 10.97%. 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 company earned $0.46 EPS. On average, equities analysts forecast that Host Hotels & Resorts will post $1.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.80 annualized dividend and a yield of 5.18%. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

In related news, SVP Brian G. Macnamara sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $18.21, for a total value of $91,050.00. Following the completion of the transaction, the senior vice president now owns 54,172 shares of the company’s stock, valued at $986,472.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory J. Larson sold 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $18.22, for a total transaction of $728,800.00. Following the completion of the transaction, the chief financial officer now directly owns 124,929 shares of the company’s stock, valued at approximately $2,276,206.38. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the company. Creative Planning raised its stake in shares of Host Hotels & Resorts by 5.5% in the second quarter. Creative Planning now owns 6,651 shares of the company’s stock valued at $108,000 after buying an additional 345 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $110,000. Johnson Financial Group Inc. raised its stake in shares of Host Hotels & Resorts by 63.4% in the second quarter. Johnson Financial Group Inc. now owns 6,913 shares of the company’s stock valued at $112,000 after buying an additional 2,683 shares in the last quarter. First Personal Financial Services raised its stake in shares of Host Hotels & Resorts by 17.7% in the second quarter. First Personal Financial Services now owns 9,404 shares of the company’s stock valued at $153,000 after buying an additional 1,411 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its stake in shares of Host Hotels & Resorts by 92.0% in the second quarter. Acrospire Investment Management LLC now owns 9,600 shares of the company’s stock valued at $156,000 after buying an additional 4,600 shares in the last quarter.

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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