Stocks of Host Hotels & Resorts Inc (NASDAQ:HST) traded higher last session on Wall Street, up 1.68% to $20.61.
HST stock price is now 2.39% away from the 50-day moving average and 16.44% away from the 200-day moving average. The market capitalization of the company currently stands at $14.50B.
On December 14, 2023, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $15, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, RISOLEO JAMES F, President and CEO sold 28,136 shares of the company’s stock on Mar 21 ’24. The stock was sold for $591,959 at an average price of $21.04. Upon completion of the transaction, the President and CEO now directly owns 2,225,577 shares in the company, valued at $45.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, President and CEO RISOLEO JAMES F sold 150,000 shares of the business’s stock. A total of $3,116,535 was realized by selling the stock at an average price of $20.78. This leaves the insider owning 2,225,577 shares of the company worth $45.87 million. A total of 1.35% of the company’s stock is owned by insiders.
During the past 12 months, Host Hotels & Resorts Inc has had a low of $14.74 and a high of $21.31. According to the stock market information, the enterprise value for the company is $18.13B, which is based on a 19.85 price-to-earnings ratio, a 0.70 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for HST is $20.15 and a two-hundred day moving average price translates $17.86 for the stock.
The latest earnings results from Host Hotels & Resorts Inc (NASDAQ: HST) was released for Dec, 2023. According to the REIT – Hotel & Motel Company, earnings per share came in at $0.19, missing analysts’ expectations of $0.2 by -0.01. This compares to $0.20 EPS in the same period last year. The net profit margin was 13.93% and return on equity was 11.09% for HST. The company reported revenue of $1.32 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.75 percent. For the current quarter, analysts expect HST to generate $1.44B in revenue.
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 42,000 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.
