Host Hotels and Resorts EVP Gregory J. Larson Sells 18,000 Shares (HST)
Host Hotels and Resorts (NYSE:HST) EVP Gregory J. Larson unloaded 18,000 shares of the company’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $22.43, for a total value of $403,740.00. Following the completion of the transaction, the executive vice president now directly owns 116,503 shares in the company, valued at approximately $2,613,162. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
HST has been the subject of a number of recent research reports. Analysts at Nomura raised their price target on shares of Host Hotels and Resorts from $22.00 to $26.00 in a research note on Friday, May 30th. Separately, 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, May 12th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.
Shares of Host Hotels and Resorts (NYSE:HST) traded down 0.72% on Tuesday, hitting $22.19. 7,388,018 shares of the company’s stock traded hands. Host Hotels and Resorts has a 52 week low of $15.60 and a 52 week high of $22.83. The stock’s 50-day moving average is $21.90 and its 200-day moving average is $20.18. The company has a market cap of $16.796 billion and a P/E ratio of 38.14.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Host Hotels and Resorts will post $1.45 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Thursday, June 26th. This is a boost from Host Hotels and Resorts’s previous quarterly dividend of $0.14.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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