Host Hotels and Resorts CEO Sells $4,522,000 in Stock (HST)
Host Hotels and Resorts (NYSE:HST) CEO W Edward Walter unloaded 200,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $22.61, for a total value of $4,522,000.00. Following the sale, the chief executive officer now directly owns 436,895 shares of the company’s stock, valued at approximately $9,878,196. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Host Hotels and Resorts (NYSE:HST) traded up 0.44% on Wednesday, hitting $22.76. 3,213,702 shares of the company’s stock traded hands. Host Hotels and Resorts has a 52 week low of $16.44 and a 52 week high of $23.25. The stock has a 50-day moving average of $22.34 and a 200-day moving average of $21.14. The company has a market cap of $17.235 billion and a P/E ratio of 36.37.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Host Hotels and Resorts will post $1.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Host Hotels and Resorts’s previous quarterly dividend of $0.15.
A number of analysts have recently weighed in on HST shares. Analysts at Cowen and Company raised their price target on shares of Host Hotels and Resorts from $24.00 to $26.00 in a research note on Tuesday, August 5th. Separately, analysts at RBC Capital raised their price target on shares of Host Hotels and Resorts from $23.00 to $25.00 in a research note on Tuesday, August 5th. Finally, analysts at JMP Securities reiterated a “market outperform” rating on shares of Host Hotels and Resorts in a research note on Friday, August 1st. They now have a $24.00 price target on the stock, up previously from $23.00. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $23.53.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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