Host Hotels & Resorts, Inc. (NYSE:HST) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 64,009,988 shares, a drop of 5.4% from the August 31st total of 67,696,454 shares. Approximately 8.8% of the shares of the company are short sold. Based on an average daily volume of 5,695,869 shares, the days-to-cover ratio is currently 11.2 days.

Host Hotels & Resorts (NYSE:HST) opened at 18.20 on Thursday. Host Hotels & Resorts has a 12 month low of $14.69 and a 12 month high of $20.21. The stock has a 50 day moving average price of $18.09 and a 200-day moving average price of $18.27. The stock has a market cap of $13.47 billion, a PE ratio of 22.52 and a beta of 1.33.

Host Hotels & Resorts (NYSE:HST) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, analysts expect that Host Hotels & Resorts will post $0.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.20 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.40%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 100.00%.

Institutional investors have recently made changes to their positions in the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $100,000. Global X Management Co. LLC lifted its holdings in shares of Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 2,556 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $190,000. Meeder Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at $194,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $196,000.

Several equities research analysts recently weighed in on HST shares. Boenning Scattergood reaffirmed a “buy” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, September 22nd. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, September 8th. Zacks Investment Research raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 4th. BidaskClub raised Host Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Finally, Barclays PLC reaffirmed a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.

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About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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