Host Hotels & Resorts Inc. Sets New 1-Year High at $18.90 (HST)
Host Hotels & Resorts (NYSE:HST)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network.com reports. The stock traded as high as $18.90 and last traded at $18.69, with a volume of 8,900,395 shares traded. The stock had previously closed at $18.30.
A number of research firms have recently commented on HST. 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, September 12th. 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 equities 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. The company has a consensus rating of “Buy” and an average target price of $19.45.
In other Host Hotels & Resorts news, EVP Minaz Abji sold 75,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $18.01, for a total transaction of $1,350,750.00. Following the transaction, the executive vice president now directly owns 158,538 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Host Hotels & Resorts has a 1-year low of $13.58 and a 1-year high of $18.90. The stock has a 50-day moving average of $17.55 and a 200-day moving average of $17.58. The company has a market cap of $14.026 billion and a P/E ratio of 87.56.
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. Analysts expect that Host Hotels & Resorts will post $1.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders 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 2.57%. The ex-dividend date is Thursday, September 26th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.11.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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