Host Hotels & Resorts (NASDAQ:HST) Stock Spread up to $18.78
Host Hotels & Resorts, Inc. (NASDAQ: HST – Get a rating) the stock price widened ahead of Monday’s trading. The stock had previously closed at $18.78, but opened at $19.24. Host Hotels & Resorts shares last traded at $18.44, with volume of 16,672 shares changing hands.
A Wall Street analyst gives his opinion
A number of research analysts have published reports on TVH stocks. Citigroup raised its target price on Host Hotels & Resorts to $22.00 in a Monday, August 15 research note. Deutsche Bank Aktiengesellschaft raised its price target on Host Hotels & Resorts from $23.00 to $26.00 in a Friday, May 6 research note. Evercore ISI reissued an “outperform” rating and published a price target of $23.00 on Host Hotels & Resorts stock in a research note on Monday, July 11. Truist Financial raised its price target on Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a “holding” rating in a Wednesday, June 1 research report. To finish, StockNews.com upgraded Host Hotels & Resorts from a “selling” rating to a “holding” rating in a Tuesday, May 10 research report. Five investment analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.83.
Host Hotels & Resorts Stock up 0.3%
The company has a market capitalization of $13.20 billion, a P/E ratio of 23.08 and a beta of 1.24. The company has a quick ratio of 11.29, a current ratio of 11.29 and a leverage ratio of 0.62. The company has a fifty-day moving average of $17.79 and a 200-day moving average of $17.92.
Host hotels and resorts (NASDAQ: HST – Get a rating) last reported results on Wednesday, August 3. The company reported earnings per share (EPS) of $0.36 for the quarter, missing the consensus estimate of $0.48 per ($0.12). Host Hotels & Resorts achieved a return on equity of 8.86% and a net margin of 13.34%. During the same period a year earlier, the company posted EPS of $0.12. On average, stock research analysts expect Host Hotels & Resorts, Inc. to post 1.78 earnings per share for the current year.
Host Hotels & Resorts increases its dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17. Shareholders of record on Friday, September 30 will receive a dividend of $0.12. This is a positive change from Host Hotels & Resorts’ previous quarterly dividend of $0.06. This represents an annualized dividend of $0.48 and a yield of 2.60%. Host Hotels & Resorts’ dividend payout rate is currently 30.00%.
Insider Buying and Selling at Host Hotels and Resorts
In other news Host Hotels & Resorts, VP Nathan S. Tyrrell sold 10,707 shares of the company in a transaction that took place on Tuesday, June 7. The stock was sold at an average price of $21.00, for a total value of $224,847.00. Following the sale, the vice president now owns 379,285 shares of the company, valued at $7,964,985. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Company insiders hold 1.20% of the company’s shares.
Hedge funds weigh on host hotels and resorts
A number of large investors have recently changed their positions in the company. Pendal Group Ltd increased its stake in shares of Host Hotels & Resorts by 0.4% in the first quarter. Pendal Group Ltd now owns 114,100 shares in the company worth $2,215,000 after purchasing an additional 500 shares during the period. State of Michigan Retirement System increased its position in Host Hotels & Resorts by 0.3% during the first quarter. State of Michigan Retirement System now owns 180,229 shares of the company worth $3,502,000 after buying 504 additional shares in the last quarter. Advisor Partners LLC increased its position in Host Hotels & Resorts by 2.1% during the first quarter. Advisor Partners LLC now owns 26,717 shares of the company worth $519,000 after purchasing an additional 542 shares in the last quarter. Jacobi Capital Management LLC increased its position in Host Hotels & Resorts by 1.9% during the second quarter. Jacobi Capital Management LLC now owns 29,485 shares of the company worth $462,000 after purchasing an additional 563 shares last quarter. Finally, Crossmark Global Holdings Inc. increased its position in Host Hotels & Resorts by 1.4% during the first quarter. Crossmark Global Holdings Inc. now owns 40,041 shares of the company worth $778,000 after purchasing an additional 570 shares in the last quarter.
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest accommodation real estate investment fund and one of the largest owners of luxury and upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
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