Insider Selling: W Edward Walter Sells 200,000 Shares of Host Hotels and Resorts Stock (HST)
Host Hotels and Resorts (NYSE:HST) CEO W Edward Walter sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $22.61, for a total transaction of $4,522,000.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link.
Shares of Host Hotels and Resorts (NYSE:HST) traded down 0.40% on Friday, hitting $22.59. 739,397 shares of the company’s stock traded hands. Host Hotels and Resorts has a 1-year low of $16.89 and a 1-year high of $23.25. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $21.18. The company has a market cap of $17.106 billion and a price-to-earnings ratio of 36.40.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.45 earnings per share. Host Hotels and Resorts’s revenue was up 2.3% compared to the same quarter last year. 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 announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, September 26th. This is a boost from Host Hotels and Resorts’s previous quarterly dividend of $0.15.
HST has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target 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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