Host Hotels & Resorts EVP Sells $1,350,750 in Stock (HST)
Host Hotels & Resorts (NYSE:HST) EVP Minaz Abji unloaded 75,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.01, for a total value of $1,350,750.00. Following the transaction, the executive vice president now directly owns 158,538 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Host Hotels & Resorts currently has an average rating of “Buy” and an average price target of $19.45.
Host Hotels & Resorts (NYSE:HST) traded up 0.33% during mid-day trading on Monday, hitting $18.12. The stock had a trading volume of 4,928,286 shares. Host Hotels & Resorts has a 1-year low of $13.58 and a 1-year high of $18.87. The stock’s 50-day moving average is $17.5 and its 200-day moving average is $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 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.65%.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.