Host Hotels & Resorts (NASDAQ:HST) EVP Nathan Tyrrell Sells 50,000 Shares of Stock

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) EVP Nathan Tyrrell sold 50,000 shares of Host Hotels & Resorts stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $25.34, for a total value of $1,267,000.00. Following the transaction, the executive vice president owned 563,907 shares of the company’s stock, valued at $14,289,403.38. This represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST traded up $0.65 during trading on Tuesday, reaching $25.93. The company had a trading volume of 8,242,480 shares, compared to its average volume of 8,972,312. Host Hotels & Resorts, Inc. has a twelve month low of $16.77 and a twelve month high of $26.19. The stock has a market capitalization of $17.77 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 3.61 and a beta of 1.09. The stock has a 50-day moving average price of $23.27 and a two-hundred day moving average price of $22.12. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80.

Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Host Hotels & Resorts had a return on equity of 14.19% and a net margin of 15.01%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 earnings per share. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 2.23 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 58.39%.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Host Hotels & Resorts during the second quarter worth about $2,096,191,000. Deutsche Bank AG purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $296,560,000. Bank of America Corp DE acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $295,807,000. Bank of New York Mellon Corp acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $143,770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Host Hotels & Resorts by 16,183.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,323,184 shares of the company’s stock valued at $126,213,000 after purchasing an additional 5,290,493 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday, October 26th. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. boosted their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley increased their price target on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.55.

View Our Latest Stock Analysis on HST

About Host Hotels & Resorts

(Get Free Report)

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

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Insider Buying and Selling by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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