The price of Host Hotels & Resorts Inc. (NASDAQ:HST) shares last traded on Wall Street rose 1.82% to $17.35.
HST stock price is now 6.97% away from the 50-day moving average and 1.20% away from the 200-day moving average. The market capitalization of the company currently stands at $12.43B.
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With the price target maintained at $22, Compass Point recently Upgraded its rating from Neutral to Buy for Host Hotels & Resorts Inc. (NASDAQ: HST). On March 22, 2023, Compass Point Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $25 to quote $18, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, TYRRELL NATHAN S, Exec. VP, Investments sold 10,707 shares of the company’s stock on Jun 07. The stock was sold for $224,847 at an average price of $21.00. Upon completion of the transaction, the Exec. VP, Investments now directly owns 379,285 shares in the company, valued at $6.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20, Director RAKOWICH WALTER C sold 3,290 shares of the business’s stock. A total of $64,517 was realized by selling the stock at an average price of $19.61. This leaves the insider owning 53,083 shares of the company worth $0.92 million. Insiders disposed of 172,451 shares of company stock worth roughly $2.99 million over the past 1 year. A total of 1.11% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HST stock. A new stake in Host Hotels & Resorts Inc. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $18,668,000. POINT72 ASSET MANAGEMENT, L.P. invested $14,815,000 in shares of HST during the first quarter. In the first quarter, LIONTRUST INVESTMENT PARTNERS LLP acquired a new stake in Host Hotels & Resorts Inc. valued at approximately $7,697,000. NATIONAL PENSION SERVICE acquired a new stake in HST for approximately $6,039,000. SCHONFELD STRATEGIC ADVISORS LLC purchased a new stake in HST valued at around $5,593,000 in the second quarter.
A candlestick chart of Host Hotels & Resorts Inc. (NASDAQ: HST) showed a price of $17.03 on Thursday morning. During the past 12 months, Host Hotels & Resorts Inc. has had a low of $14.51 and a high of $20.98. According to the stock market information, the enterprise value for the company is $16.53B, which is based on a 15.38 price-to-earnings ratio, a 0.54 price-to-earnings-growth ratio, and a beta of 1.30. The fifty day moving average price for HST is $16.23 and a two-hundred day moving average price translates $17.26 for the stock.
The latest earnings results from Host Hotels & Resorts Inc. (NASDAQ: HST) was released for Mar, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.4, beating analysts’ expectations of $0.24 by 0.16. This compares to $0.16 EPS in the same period last year. The net profit margin was 15.40% and return on equity was 11.80% for HST. The company reported revenue of $1.38 billion for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.58 percent. For the current quarter, analysts expect HST to generate $1.44B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 04/17/2023. Investors who held shares on 03/31/2023 were paid a $0.12 dividend. On an annualized basis, this represents a $0.48 dividend and a 2.77% percent yield. There was an ex-dividend date of 03/30/2023 for this dividend. In terms of dividend payout ratio, HST is presently at 37.30%.
Host Hotels & Resorts Inc.(HST) 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 73 properties in the United States and five properties internationally totaling approximately 42,200 rooms. The Company also holds non-controlling interests in seven domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott, Ritz-Carlton, Westin, Sheraton, W, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Four Seasons, Swissôtel, ibis and Novotel, as well as independent brands.
