Host Hotels & Resorts (NASDAQ:HST) EVP Sourav Ghosh Sells 93,863 Shares of Company Stock

Host Hotels & Resorts, Inc. (NASDAQ:HST) EVP Sourav Ghosh sold 93,863 shares of Host Hotels & Resorts stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $24.76, for a total value of $2,324,047.88. Following the completion of the transaction, the executive vice president owned 418,147 shares in the company, valued at approximately $10,353,319.72. This represents a 18.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Host Hotels & Resorts Price Performance

NASDAQ HST traded up $0.65 during trading on Tuesday, hitting $25.93. 8,242,480 shares of the company’s stock were exchanged, compared to its average volume of 8,972,312. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The company has a market cap of $17.77 billion, a PE ratio of 18.93, a P/E/G ratio of 3.61 and a beta of 1.09. Host Hotels & Resorts, Inc. has a fifty-two week low of $16.77 and a fifty-two week high of $26.19. The stock’s 50 day moving average price is $23.27 and its two-hundred day moving average price is $22.12.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.19%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Host Hotels & Resorts’s payout ratio is currently 58.39%.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors have recently bought and sold shares of HST. Avail Investment Partners LLC raised its stake in Host Hotels & Resorts by 2.5% during the 3rd quarter. Avail Investment Partners LLC now owns 19,299 shares of the company’s stock valued at $432,000 after purchasing an additional 471 shares during the period. CX Institutional boosted its stake in Host Hotels & Resorts by 4.1% in the 3rd quarter. CX Institutional now owns 12,067 shares of the company’s stock worth $270,000 after purchasing an additional 474 shares during the period. Allworth Financial LP boosted its stake in Host Hotels & Resorts by 1.9% in the 3rd quarter. Allworth Financial LP now owns 25,634 shares of the company’s stock worth $608,000 after purchasing an additional 477 shares during the period. VestGen Advisors LLC grew its holdings in Host Hotels & Resorts by 4.3% during the 3rd quarter. VestGen Advisors LLC now owns 14,439 shares of the company’s stock valued at $323,000 after buying an additional 601 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Host Hotels & Resorts by 14.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company’s stock worth $117,000 after purchasing an additional 629 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on HST. Cantor Fitzgerald lifted their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday. Truist Financial upped their price objective on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a research note on Monday, October 26th. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Finally, JPMorgan Chase & Co. upped their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.55.

About Host Hotels & Resorts

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.