Insider Selling: Minaz Abji Sells 100,000 Shares of Host Hotels & Resorts Stock (HST)
Host Hotels & Resorts (NYSE:HST) EVP Minaz Abji unloaded 100,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $17.95, for a total value of $1,795,000.00. Following the transaction, the executive vice president now directly owns 158,538 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on HST. Analysts at Zacks reiterated a “neutral” rating on shares of Host Hotels & Resorts (NYSE:HST) in a research note to investors on Friday, September 6th. They now have a $18.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Host Hotels & Resorts (NYSE:HST) from $17.00 to $18.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at BMO Capital Markets raised their price target on shares of Host Hotels & Resorts (NYSE:HST) from $18.00 to $19.00 in a research note to investors on Tuesday, August 6th. They now have a “market perform” rating on the stock.
Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Host Hotels & Resorts presently has a consensus rating of “Buy” and an average price target of $19.31.
Host Hotels & Resorts (NYSE:HST) traded down 1.15% on Thursday, hitting $18.0201. The stock had a trading volume of 3,694,030 shares. Host Hotels & Resorts has a 52 week low of $13.58 and a 52 week high of $18.87. The stock has a 50-day moving average of $17.52 and a 200-day moving average of $17.52. The company has a market cap of $13.516 billion and a price-to-earnings ratio of 87.22.
Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Friday, August 2nd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, analysts predict that Host Hotels & Resorts will post $1.29 earnings per share for the current fiscal year.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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