Rep. Steve Cohen Sells Off Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Representative Steve Cohen (D-Tennessee) recently sold shares of Host Hotels & Resorts, Inc. NASDAQ: HST. In a filing disclosed on January 10th, the Representative disclosed that they had sold between $15,001 and $50,000 in Host Hotels & Resorts stock on December 11th. The trade occurred in the Representative's "STEPHENS SEP IRA" account.

Representative Steve Cohen also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Emergent BioSolutions NYSE: EBS on 12/11/2024.

Host Hotels & Resorts Trading Up 0.2 %

NASDAQ:HST traded up $0.04 during trading hours on Wednesday, hitting $17.32. The company had a trading volume of 5,303,564 shares, compared to its average volume of 5,810,556. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a market cap of $12.11 billion, a P/E ratio of 16.82 and a beta of 1.31. The company has a 50-day moving average of $17.98 and a 200 day moving average of $17.64. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company posted $0.41 EPS. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Tuesday, December 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 77.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HST. Avanza Fonder AB purchased a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $1,457,000. Ritholtz Wealth Management raised its stake in shares of Host Hotels & Resorts by 10.9% in the fourth quarter. Ritholtz Wealth Management now owns 106,073 shares of the company's stock valued at $1,858,000 after acquiring an additional 10,463 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of Host Hotels & Resorts by 1.3% in the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock valued at $1,364,000 after acquiring an additional 977 shares in the last quarter. Eastern Bank purchased a new position in Host Hotels & Resorts in the fourth quarter valued at $45,000. Finally, Czech National Bank grew its stake in Host Hotels & Resorts by 5.9% during the 4th quarter. Czech National Bank now owns 151,564 shares of the company's stock worth $2,655,000 after purchasing an additional 8,470 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, November 15th. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. StockNews.com downgraded Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.04.

About Representative Cohen

Steve Cohen (Democratic Party) is a member of the U.S. House, representing Tennessee's 9th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Cohen (Democratic Party) is running for re-election to the U.S. House to represent Tennessee's 9th Congressional District. He declared candidacy for the Democratic primary scheduled on August 1, 2024. He represented District 30 of the Tennessee State Senate from 1983-2006. As a child, Cohen contracted polio. Cohen filed to run for his first elected office the same day that he first registered to vote. Cohen earned a bachelor's degree from Vanderbilt and a J.D. from the University of Memphis School of Law. Prior to his election to the U.S. House, Cohen was a member of the Tennessee State Senate.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.