Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) was the target of unusually large options trading on Friday. Stock investors bought 2,511 call options on the stock. This is an increase of approximately 93% compared to the typical daily volume of 1,303 call options.
Hedge Funds Weigh In On Host Hotels & Resorts
Several hedge funds and other institutional investors have recently bought and sold shares of HST. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts in the first quarter worth $25,000. Blue Trust Inc. boosted its position in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company's stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock worth $50,000 after buying an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 98.52% of the company's stock.
Host Hotels & Resorts Price Performance
HST stock traded down $0.20 during trading on Friday, reaching $17.26. 12,826,428 shares of the company were exchanged, compared to its average volume of 6,835,031. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.61 and a beta of 1.32. The company has a 50-day moving average of $17.71 and a two-hundred day moving average of $17.72.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. Host Hotels & Resorts's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Host Hotels & Resorts will post 1.96 earnings per share for the current fiscal year.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio is currently 77.67%.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Evercore ISI lowered their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Robert W. Baird lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a research report on Monday, August 5th. UBS Group decreased their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday. Finally, Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.21.
Check Out Our Latest Stock Report on Host Hotels & Resorts
About Host Hotels & Resorts
(
Get Free Report)
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.
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