Host Hotels & Resorts (NASDAQ:HST) Stock: Insider Nathan Tyrrell Sells 50,000 Shares

Key Points

• EVP Nathan Tyrrell sold 50,000 Host Hotels & Resorts shares at an average $25.34, totaling $1.267 million; he retained 563,907 shares after the sale.
• Quarterly EPS came in at $0.10, above the $0.09 consensus, while revenue of $1.35 billion slightly missed estimates. Revenue increased 1.2% year over year.
• Analysts have a consensus “Moderate Buy” rating and a $25.55 price target; the company’s annualized dividend is $0.80 per share, a yield of about 3.1%.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) EVP Nathan Tyrrell sold 50,000 shares of the firm's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $25.34, for a total transaction of $1,267,000.00. Following the completion of the sale, the executive vice president owned 563,907 shares of the company's stock, valued at approximately $14,289,403.38. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Host Hotels & Resorts Stock Performance

HST traded up $0.65 during trading on Tuesday, reaching $25.93. The company's stock had a trading volume of 8,242,480 shares, compared to its average volume of 8,972,312. Host Hotels & Resorts, Inc. has a 52-week low of $16.77 and a 52-week high of $26.19. The company's fifty day moving average price is $23.27 and its 200-day moving average price is $22.12. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 3.61 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96.

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

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.20 per share. 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 currently 58.39%.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth about $2,096,191,000. Deutsche Bank AG purchased a new position in Host Hotels & Resorts during the 2nd quarter valued at about $296,560,000. Bank of America Corp DE purchased a new position in Host Hotels & Resorts during the 2nd quarter valued at about $295,807,000. Dimensional Fund Advisors LP raised its position in Host Hotels & Resorts by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company's stock worth $201,042,000 after acquiring an additional 118,043 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Host Hotels & Resorts during the second quarter worth about $143,770,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on HST. Truist Financial increased their price objective 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. Morgan Stanley boosted their target price on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 12th. JPMorgan Chase & Co. upped their price target 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. Cantor Fitzgerald increased their price target on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Weiss Ratings upgraded shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 14th. One equities 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, Host Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $25.55.

About Host Hotels & Resorts

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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