Host Hotels & Resorts Target of Unusually High Options Trading (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST) saw unusually large options trading on Monday. Investors bought 3,201 put options on the company. This is an increase of approximately 128% compared to the average daily volume of 1,402 put options.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST traded down $0.30 during trading on Monday, hitting $22.59. The company’s stock had a trading volume of 1,049,459 shares, compared to its average volume of 9,054,216. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $15.48 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a 50-day moving average of $24.12 and a 200-day moving average of $21.73. Host Hotels & Resorts has a 12 month low of $15.61 and a 12 month high of $25.71.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Weiss Ratings downgraded Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Stifel Nicolaus set a $26.25 price objective on Host Hotels & Resorts in a research report on Thursday, June 4th. Morgan Stanley boosted their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Finally, Truist Financial raised their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Insider Buying and Selling

In other news, EVP Nathan S. Tyrrell sold 15,569 shares of Host Hotels & Resorts stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction of $358,087.00. Following the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. The trade was a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bamco Inc. NY bought a new position in shares of Host Hotels & Resorts in the second quarter worth about $10,731,000. Bank of America Corp DE bought a new stake in Host Hotels & Resorts during the 2nd quarter valued at approximately $295,807,000. Strategic Global Advisors LLC purchased a new position in Host Hotels & Resorts in the 2nd quarter worth approximately $6,651,000. Freestone Grove Partners LP purchased a new position in Host Hotels & Resorts in the 2nd quarter worth approximately $520,000. Finally, Caisse de depot et placement du Quebec bought a new position in Host Hotels & Resorts in the 2nd quarter worth approximately $113,170,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.