Host Hotels & Resorts (NASDAQ:HST) Director Mary Baglivo Sells 2,466 Shares of Company Stock

Key Points

• Director Mary Baglivo sold 2,466 shares for $62,513 at an average price of $25.35, leaving her with just 2 shares. She had also sold 13,963 shares the prior week.
• Host Hotels’ shares rose 2.6% to $25.93. Its latest quarterly EPS of $0.10 topped the $0.09 consensus, while revenue of $1.35 billion was slightly below estimates.
• The company’s quarterly dividend is $0.20 per share, equivalent to an annualized yield of about 3.1%. Analysts’ average rating is “Moderate Buy,” with an average price target of $25.55.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) Director Mary Baglivo sold 2,466 shares of the business's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $25.35, for a total value of $62,513.10. Following the transaction, the director directly owned 2 shares in the company, valued at $50.70. This trade represents a 99.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Mary Baglivo also recently made the following trade(s):

• On Friday, November 6th, Mary Baglivo sold 13,963 shares of Host Hotels & Resorts stock. The stock was sold at an average price of $24.47, for a total value of $341,674.61.

Host Hotels & Resorts Stock Up 2.6%

NASDAQ HST traded up $0.65 on Tuesday, reaching $25.93. The company had a trading volume of 8,242,480 shares, compared to its average volume of 8,972,312. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. Host Hotels & Resorts, Inc. has a 1 year low of $16.77 and a 1 year high of $26.19. The firm has a 50-day moving average of $23.27 and a 200-day moving average of $22.12. The firm has a market capitalization of $17.77 billion, a PE ratio of 18.93, a P/E/G ratio of 3.61 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.19%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Host Hotels & Resorts's dividend payout ratio is presently 58.39%.

Trending Headlines about Host Hotels & Resorts

Here are the key news stories impacting Host Hotels & Resorts this week:

• Positive Sentiment: Zacks describes HST as a strong momentum stock, which may appeal to momentum-focused investors. Article: Here's Why Host Hotels (HST) is a Strong Momentum Stock
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $24 to $27 but kept a neutral rating; the new target implies limited upside from the quoted share price. Cantor Fitzgerald ratings
• Negative Sentiment: Multiple insiders reported share sales. Director Mary Baglivo sold nearly all her remaining shares, while EVP Sourav Ghosh sold 93,863 shares and EVP Nathan Tyrrell sold 50,000. A separate report cited $16.7 million in insider sales, which could raise concern about insider confidence. Article: Host Hotels & Resorts Insider Sold Shares Worth $16,728,116

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley lifted their price objective on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a report on Monday, October 12th. JPMorgan Chase & Co. increased their price objective on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Truist Financial increased their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. Weiss Ratings upgraded Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 14th. Finally, Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $25.55.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HST. Avail Investment Partners LLC raised its stake in shares of Host Hotels & Resorts by 2.5% in the third quarter. Avail Investment Partners LLC now owns 19,299 shares of the company's stock worth $432,000 after acquiring an additional 471 shares during the last quarter. CX Institutional grew its stake in shares of Host Hotels & Resorts by 4.1% during the third quarter. CX Institutional now owns 12,067 shares of the company's stock valued at $270,000 after purchasing an additional 474 shares during the last quarter. Allworth Financial LP grew its stake in shares of Host Hotels & Resorts by 1.9% during the third quarter. Allworth Financial LP now owns 25,634 shares of the company's stock valued at $608,000 after purchasing an additional 477 shares during the last quarter. VestGen Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 4.3% in the third quarter. VestGen Advisors LLC now owns 14,439 shares of the company's stock valued at $323,000 after purchasing an additional 601 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Host Hotels & Resorts by 14.6% in the second quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company's stock valued at $117,000 after purchasing an additional 629 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company's hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

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