Host Hotels and Resorts EVP Gregory J. Larson Unloads 42,224 Shares (HST)
Host Hotels and Resorts (NYSE:HST) EVP Gregory J. Larson sold 42,224 shares of the stock on the open market in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $21.70, for a total transaction of $916,260.80. Following the completion of the sale, the executive vice president now directly owns 116,503 shares of the company’s stock, valued at approximately $2,528,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Host Hotels and Resorts from $23.00 to $24.00 in a research note on Monday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Host Hotels and Resorts in a research note on Wednesday, May 7th. They now have a $24.00 price target on the stock, up previously from $22.00. Finally, analysts at RBC Capital raised their price target on shares of Host Hotels and Resorts from $21.00 to $23.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $21.63.
Host Hotels and Resorts (NYSE:HST) traded down 0.99% on Tuesday, hitting $21.495. The stock had a trading volume of 1,414,478 shares. Host Hotels and Resorts has a 52 week low of $15.60 and a 52 week high of $21.75. The stock has a 50-day moving average of $20. and a 200-day moving average of $19.45. The company has a market cap of $16.270 billion and a P/E ratio of 37.05.
Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Thursday, May 1st. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company posted $0.28 earnings per share. Host Hotels and Resorts’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Host Hotels and Resorts will post $1.44 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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