Short Interest in Host Hotels & Resorts, Inc. (HST) Increases By 11.3%
Host Hotels & Resorts, Inc. (NYSE:HST) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 67,696,454 shares, a growth of 11.3% from the August 15th total of 60,823,374 shares. Based on an average trading volume of 5,986,115 shares, the short-interest ratio is currently 11.3 days. Approximately 9.3% of the shares of the company are sold short.
In other Host Hotels & Resorts news, EVP Joanne G. Hamilton sold 3,069 shares of Host Hotels & Resorts stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total transaction of $58,341.69. Following the sale, the executive vice president now owns 43,035 shares of the company’s stock, valued at approximately $818,095.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of HST. Mckinley Capital Management LLC Delaware bought a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $100,000. Muzinich & Co. Inc. bought a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $127,000. Global X Management Co. LLC raised its position in shares of Host Hotels & Resorts by 34.7% during the 1st quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 2,556 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $190,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $194,000.
Several brokerages have weighed in on HST. BidaskClub downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Robert W. Baird reiterated a “buy” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research report on Friday, September 8th. Boenning Scattergood upgraded Host Hotels & Resorts from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Thursday, August 24th. Finally, Barclays PLC reiterated a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.33.
Host Hotels & Resorts (NYSE HST) opened at 18.25 on Friday. Host Hotels & Resorts has a one year low of $14.69 and a one year high of $20.21. The company has a 50 day moving average price of $18.08 and a 200-day moving average price of $18.25. The firm has a market capitalization of $13.51 billion, a PE ratio of 22.59 and a beta of 1.33.
Host Hotels & Resorts (NYSE:HST) last issued its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 EPS. On average, equities analysts predict that Host Hotels & Resorts will post $0.78 EPS for the current year.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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