The Insider Selling: Host Hotels & Resorts, Inc. (HST) Insider Sells $18,400.00 in Stock

The Insider Selling: Host Hotels & Resorts, Inc. (HST) Insider Sells $18,400.00 in Stock

Host Hotels & Resorts, Inc. (NYSE:HST) insider Nathan S. Tyrrell sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $18.40, for a total transaction of $18,400.00. Following the transaction, the insider now owns 61,084 shares of the company’s stock, valued at $1,123,945.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of Host Hotels & Resorts, Inc. (NYSE:HST) traded down 0.2301% during trading on Monday, reaching $18.3377. 1,060,791 shares of the company’s stock traded hands. The company has a market cap of $13.56 billion, a price-to-earnings ratio of 17.9781 and a beta of 1.30. The company’s 50-day moving average is $18.29 and its 200 day moving average is $17.34. Host Hotels & Resorts, Inc. has a 52-week low of $14.30 and a 52-week high of $20.21.

Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Host Hotels & Resorts had a net margin of 14.72% and a return on equity of 11.22%. The business earned $1.34 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the business posted $0.39 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts forecast that Host Hotels & Resorts, Inc. will post $0.67 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $0.80 annualized dividend and a yield of 4.35%. Host Hotels & Resorts’s payout ratio is presently 74.77%.

A number of large investors have recently made changes to their positions in the stock. ING Groep NV raised its stake in shares of Host Hotels & Resorts by 54.5% in the fourth quarter. ING Groep NV now owns 42,601 shares of the company’s stock valued at $799,000 after buying an additional 15,021 shares during the last quarter. Zweig Advisers LLC bought a new stake in shares of Host Hotels & Resorts during the second quarter valued at about $7,327,000. Sawtooth Asset Management Inc. raised its stake in shares of Host Hotels & Resorts by 40.1% in the second quarter. Sawtooth Asset Management Inc. now owns 18,113 shares of the company’s stock valued at $294,000 after buying an additional 5,186 shares during the last quarter. Cascade Investment Advisors Inc. bought a new stake in shares of Host Hotels & Resorts during the second quarter valued at about $1,426,000. Finally, Kempen Capital Management N.V. raised its stake in shares of Host Hotels & Resorts by 4.5% in the second quarter. Kempen Capital Management N.V. now owns 45,651 shares of the company’s stock valued at $740,000 after buying an additional 1,965 shares during the last quarter.

A number of equities analysts recently issued reports on HST shares. Canaccord Genuity reiterated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, January 4th. Goldman Sachs Group Inc cut shares of Host Hotels & Resorts from a “neutral” rating to a “sell” rating and upped their price objective for the stock from $15.00 to $16.00 in a research report on Thursday, January 19th. Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. Argus cut shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, December 15th. Finally, Barclays PLC set a $19.00 price objective on shares of Host Hotels & Resorts and gave the stock a “hold” rating in a research report on Tuesday, February 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Host Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $17.75.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

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