Investors Sell Shares of Host Hotels & Resorts Inc. (HST) on Strength (HST)
Investors sold shares of Host Hotels & Resorts Inc. (NYSE:HST) on strength during trading on Friday. $14.12 million flowed into the stock on the tick-up and $28.65 million flowed out of the stock on the tick-down, for a money net flow of $14.53 million out of the stock. Of all companies tracked, Host Hotels & Resorts had the 0th highest net out-flow for the day. Host Hotels & Resorts traded up $0.27 for the day and closed at $16.98
A number of brokerages have recently issued reports on HST. Canaccord Genuity restated a “hold” rating on shares of Host Hotels & Resorts in a report on Saturday, April 30th. Deutsche Bank AG restated a “hold” rating on shares of Host Hotels & Resorts in a report on Sunday, June 26th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Wednesday. Stifel Nicolaus began coverage on shares of Host Hotels & Resorts in a report on Tuesday, March 29th. They issued a “buy” rating and a $19.00 target price for the company. Finally, Raymond James Financial Inc. upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “market perform” rating in a report on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Host Hotels & Resorts has an average rating of “Hold” and an average price target of $17.97.
The company has a market capitalization of $12.69 billion and a PE ratio of 19.98. The firm’s 50 day moving average price is $16.06 and its 200 day moving average price is $15.49.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, April 29th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. During the same period last year, the company posted $0.35 EPS. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Host Hotels & Resorts Inc. will post $1.68 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, June 28th.
A number of institutional investors recently modified their holdings of the company. Everett Harris & Co. CA bought a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $1,160,000. I.G. Investment Management LTD. raised its stake in Host Hotels & Resorts by 63.9% in the fourth quarter. I.G. Investment Management LTD. now owns 75,929 shares of the company’s stock valued at $1,165,000 after buying an additional 29,615 shares during the last quarter. D L Carlson Investment Group Inc. acquired a new stake in Host Hotels & Resorts during the fourth quarter valued at about $1,424,000. South Dakota Investment Council raised its stake in Host Hotels & Resorts by 26.2% in the fourth quarter. South Dakota Investment Council now owns 110,900 shares of the company’s stock valued at $1,701,000 after buying an additional 23,000 shares during the last quarter. Finally, Eaton Vance Management raised its stake in Host Hotels & Resorts by 13.7% in the fourth quarter. Eaton Vance Management now owns 140,811 shares of the company’s stock valued at $2,160,000 after buying an additional 17,000 shares during the last quarter.
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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