In yesterday’s Wall Street session, Host Hotels & Resorts Inc. (NASDAQ:HST) shares traded at $16.05, up 2.16% from the previous session.
As of this writing, 20 analysts cover Host Hotels & Resorts Inc. (NASDAQ:HST). The consensus rating among analysts is ‘Overweight’. HST stock price is now -4.61% away from the 50-day moving average and -5.19% away from the 200-day moving average. The market capitalization of the company currently stands at $11.18B.
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There are 4 analysts who have given it a hold rating, whereas 10 have given it a buy rating.
With the price target maintained at $21, Oppenheimer recently Upgraded its rating from Perform to Outperform for Host Hotels & Resorts Inc. (NASDAQ: HST).
In other news, RAKOWICH WALTER C, Director sold 3,688 shares of the company’s stock on Jun 05. The stock was sold for $64,443 at an average price of $17.47. Upon completion of the transaction, the Director now directly owns 58,616 shares in the company, valued at $0.94 million. Insiders disposed of 162,142 shares of company stock worth roughly $2.6 million over the past 1 year. A total of 1.12% 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 LOS ANGELES CAPITAL MANAGEMENT LLC during the first quarter worth $72,554,000. CINCTIVE CAPITAL MANAGEMENT LP invested $19,397,000 in shares of HST during the first quarter. In the first quarter, GRS ADVISORS, LLC acquired a new stake in Host Hotels & Resorts Inc. valued at approximately $14,893,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC acquired a new stake in HST for approximately $10,031,000. SUMMIT GLOBAL INVESTMENTS purchased a new stake in HST valued at around $8,472,000 in the second quarter. In total, there are 862 active investors with 105.25% ownership of the company’s stock.
Friday morning saw Host Hotels & Resorts Inc. (NASDAQ: HST) opened at $15.81. During the past 12 months, Host Hotels & Resorts Inc. has had a low of $14.51 and a high of $19.42. According to the stock market information, the enterprise value for the company is $15.40B, which is based on a 15.14 price-to-earnings ratio, a 0.53 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for HST is $16.82 and a two-hundred day moving average price translates $16.95 for the stock.
The latest earnings results from Host Hotels & Resorts Inc. (NASDAQ: HST) was released for Jun, 2023. The net profit margin was 14.50% and return on equity was 11.10% for HST. The company reported revenue of $1.39 billion for the quarter, compared to $1.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.87 percent.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.15 dividend. On an annualized basis, this represents a $0.60 dividend and a 3.74% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, HST is presently at 48.00%.
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 72 properties in the United States and five properties internationally totaling approximately 41,900 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.
