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 business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the sale, the director now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Host Hotels & Resorts Price Performance

HST opened at $18.42 on Friday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. 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 fifty-two week low of $14.92 and a fifty-two week high of $21.31. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

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

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend 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 presently 78.43%.

Analysts Set New Price Targets

A number of analysts recently weighed in on HST shares. Truist Financial upped their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. UBS Group reduced their target price 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. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James raised their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Barclays lifted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $21.29.

View Our Latest Report on Host Hotels & Resorts

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds have recently made changes to their positions in the business. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at approximately $25,000. CVA Family Office LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Host Hotels & Resorts during the first quarter valued at $27,000. Parkside Financial Bank & Trust increased its holdings in shares of Host Hotels & Resorts by 57.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Host Hotels & Resorts during the third quarter valued at about $35,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

(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.

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