Host Hotels & Resorts CEO Unloads $2,273,277 in Stock (HST)
Host Hotels & Resorts (NYSE:HST) CEO W Edward Walter sold 126,153 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $18.02, for a total value of $2,273,277.06. Following the completion of the sale, the chief executive officer now directly owns 394,818 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
HST has been the subject of a number of recent research reports. Analysts at Cowen and Company cut their price target on shares of Host Hotels & Resorts (NYSE:HST) from $25.00 to $22.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $19.45.
Host Hotels & Resorts (NYSE:HST) traded up 0.33% during mid-day trading on Monday, hitting $18.12. 4,928,286 shares of the company’s stock traded hands. Host Hotels & Resorts has a one year low of $13.58 and a one year high of $18.87. The stock has a 50-day moving average of $17.5 and a 200-day moving average of $17.55. The company has a market cap of $13.591 billion and a price-to-earnings ratio of 86.41.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.45 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.34 earnings per share. Host Hotels & Resorts’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Host Hotels & Resorts will post $1.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.65%.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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