In yesterday’s Wall Street session, Host Hotels & Resorts Inc (NASDAQ:HST) shares traded at $20.67, down -0.67% from the previous session.
HST stock price is now 3.48% away from the 50-day moving average and 17.89% away from the 200-day moving average. The market capitalization of the company currently stands at $14.54B.
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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, OTTINGER JOSEPH, SVP & Corp. Controller sold 7,461 shares of the company’s stock on Mar 08 ’24. The stock was sold for $154,890 at an average price of $20.76. Upon completion of the transaction, the SVP & Corp. Controller now directly owns 28,500 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 22 ’23, Exec. VP, Investments TYRRELL NATHAN S sold 14,193 shares of the business’s stock. A total of $280,738 was realized by selling the stock at an average price of $19.78. This leaves the insider owning 441,440 shares of the company worth $9.12 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 $14.33 and a high of $21.31. According to the stock market information, the enterprise value for the company is $18.19B, which is based on a 19.91 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 $19.99 and a two-hundred day moving average price translates $17.71 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 $1.43B 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.
