Traders 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. $36.79 million flowed into the stock on the tick-up and $54.33 million flowed out of the stock on the tick-down, for a money net flow of $17.54 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 $0.40 for the day and closed at $17.91
A number of brokerages have recently weighed in on HST. Canaccord Genuity reiterated a “hold” rating on shares of Host Hotels & Resorts in a report on Saturday, April 30th. Deutsche Bank AG reiterated a “hold” rating on shares of Host Hotels & Resorts in a report on Sunday, June 26th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Wednesday, July 13th. Evercore ISI downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus began coverage on Host Hotels & Resorts in a report on Tuesday, March 29th. They set a “buy” rating and a $19.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.97.
The firm has a 50-day moving average of $16.32 and a 200-day moving average of $15.56. The firm has a market capitalization of $13.38 billion and a price-to-earnings ratio of 21.07.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Equities analysts forecast that Host Hotels & Resorts Inc. will post $1.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date of this dividend was Tuesday, June 28th.
A number of institutional investors have recently added to or reduced their stakes in the company. Utah Retirement Systems boosted 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 during the period. KBC Group NV boosted 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 during the period. Employees Retirement System of Texas boosted 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 during the period. Dimensional Fund Advisors LP boosted 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 during the period. Finally, Stephens Inc. AR boosted its position in Host Hotels & Resorts by 13.4% in the fourth quarter. Stephens Inc. AR now owns 176,706 shares of the company’s stock worth $2,711,000 after buying an additional 20,915 shares during the period.
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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