Investors Sell Shares of Host Hotels & Resorts Inc. (HST) on Strength (HST)
Traders sold shares of Host Hotels & Resorts Inc. (NYSE:HST) on strength during trading on Friday. $32.10 million flowed into the stock on the tick-up and $79.22 million flowed out of the stock on the tick-down, for a money net flow of $47.12 million out of the stock. Of all equities tracked, Host Hotels & Resorts had the 0th highest net out-flow for the day. Host Hotels & Resorts traded up $0.46 for the day and closed at $17.74
Several equities analysts have recently commented on HST shares. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $16.00 to $15.00 in a research report on Wednesday, July 13th. Raymond James Financial Inc. upgraded Host Hotels & Resorts from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 18th. Evercore ISI cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Canaccord Genuity reiterated a “hold” rating on shares of Host Hotels & Resorts in a research note on Saturday, April 30th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Host Hotels & Resorts in a research note on Sunday, June 26th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.72.
The company has a market capitalization of $13.26 billion and a P/E ratio of 20.87. The stock has a 50-day moving average of $16.59 and a 200 day moving average of $15.65.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. During the same quarter in the previous year, the business earned $0.46 EPS. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. Analysts predict that Host Hotels & Resorts Inc. will post $1.67 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.51%.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. BlackRock Advisors LLC raised its position in Host Hotels & Resorts by 39.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,486,167 shares of the company’s stock worth $22,797,000 after buying an additional 419,033 shares in the last quarter. Utah Retirement Systems raised its position in Host Hotels & Resorts by 2.6% in the fourth quarter. Utah Retirement Systems now owns 183,234 shares of the company’s stock worth $2,810,000 after buying an additional 4,700 shares in the last quarter. KBC Group NV raised its position in Host Hotels & Resorts by 88.3% in the fourth quarter. KBC Group NV now owns 504,555 shares of the company’s stock worth $7,739,000 after buying an additional 236,550 shares in the last quarter. Employees Retirement System of Texas raised its position in Host Hotels & Resorts by 30.2% in the fourth quarter. Employees Retirement System of Texas now owns 465,300 shares of the company’s stock worth $7,138,000 after buying an additional 108,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Host Hotels & Resorts by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,852,116 shares of the company’s stock worth $151,139,000 after buying an additional 153,322 shares in 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.