Insider Selling: Host Hotels & Resorts SVP Sells 5,000 Shares of Stock (HST)
Host Hotels & Resorts (NYSE:HST) SVP Brian Macnamara unloaded 5,000 shares of Host Hotels & Resorts stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $18.32, for a total value of $91,600.00. Following the completion of the transaction, the senior vice president now directly owns 25,914 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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 investment 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.45.
Shares of Host Hotels & Resorts (NYSE:HST) traded down 0.11% on Thursday, hitting $18.68. 5,606,736 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 $18.90. 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 $14.011 billion and a P/E ratio of 89.47.
Host Hotels & Resorts (NYSE:HST) last released its earnings data on Friday, August 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Host Hotels & Resorts will post $1.29 EPS 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 2.57%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase 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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