Host Hotels & Resorts (NASDAQ:HST) Hits New 12-Month High - Here's What Happened

Key Points

• Host Hotels & Resorts hit a 52-week high of $26.05, with shares last trading at $25.898, up from the previous close of $25.78.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $25.14; ratings include one Strong Buy, nine Buys and six Holds.
• The company beat quarterly earnings and revenue estimates, reporting EPS of $0.63 and revenue of $1.64 billion, up 3.4% year over year. It also paid a quarterly dividend of $0.20 per share, equivalent to a 3.1% yield.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) reached a new 52-week high on Wednesday. The stock traded as high as $26.05 and last traded at $25.8980, with a volume of 351,793 shares changing hands. The stock had previously closed at $25.78.

Analyst Ratings Changes

A number of analysts have recently issued reports on HST shares. Weiss Ratings upgraded shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 14th. JPMorgan Chase & Co. upped their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 21st. Truist Financial boosted their price objective on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a "buy" rating in a research note on Thursday, September 10th. Evercore set a $26.00 target price on Host Hotels & Resorts in a research note on Monday, October 26th. Finally, Morgan Stanley boosted their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $25.14.

Host Hotels & Resorts Trading Up 0.7%

The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $17.79 billion, a PE ratio of 17.33, a P/E/G ratio of 3.54 and a beta of 1.09. The business has a fifty day moving average price of $23.06 and a 200 day moving average price of $21.98.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm's revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. Analysts expect that Host Hotels & Resorts, Inc. will post 2.19 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts's dividend payout ratio is 53.33%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the sale, the executive vice president owned 618,207 shares of the company's stock, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds have recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter worth about $35,000. Root Financial Partners LLC bought a new stake in Host Hotels & Resorts during the third quarter worth approximately $50,000. Provenance Wealth Advisors LLC raised its holdings in Host Hotels & Resorts by 12,526.1% during the third quarter. Provenance Wealth Advisors LLC now owns 2,904 shares of the company's stock worth $65,000 after purchasing an additional 2,881 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Host Hotels & Resorts by 14.6% in the second quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company's stock worth $117,000 after purchasing an additional 629 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Host Hotels & Resorts during the second quarter worth about $129,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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