Walter C. Rakowich Sells 3,896 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock

Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Free Report) Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the sale, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Host Hotels & Resorts Stock Down 1.8 %

Shares of HST opened at $18.42 on Friday. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The firm has a market cap of $12.99 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The company’s 50-day moving average price is $19.67 and its 200 day moving average price is $19.22. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.59% and a net margin of 13.35%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 2.01 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.34%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $38,873,000. Illinois Municipal Retirement Fund raised its position in shares of Host Hotels & Resorts by 61.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after acquiring an additional 251,112 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Host Hotels & Resorts by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock worth $33,297,000 after purchasing an additional 120,555 shares during the last quarter. GAMMA Investing LLC acquired a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $87,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Host Hotels & Resorts by 18.7% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock valued at $324,000 after purchasing an additional 3,182 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HST has been the topic of several analyst reports. Raymond James raised their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. UBS Group dropped their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Truist Financial increased their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, Barclays upped their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.29.

Read Our Latest Report on Host Hotels & Resorts

About Host Hotels & Resorts

(Get Free Report)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.

Read More

Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.