Insider Selling: Host Hotels and Resorts Inc (HST) Director Sells 2,895 Shares of Stock

Host Hotels and Resorts Inc (NYSE:HST) Director Walter C. Rakowich sold 2,895 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the completion of the transaction, the director now owns 44,982 shares in the company, valued at approximately $862,304.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE:HST traded down $0.21 during trading on Monday, hitting $18.97. 2,746,000 shares of the company were exchanged, compared to its average volume of 6,986,499. The company has a market cap of $14.21 billion, a P/E ratio of 10.72, a P/E/G ratio of 2.12 and a beta of 1.20. Host Hotels and Resorts Inc has a 52-week low of $15.94 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.11 and a quick ratio of 5.11.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, analysts expect that Host Hotels and Resorts Inc will post 1.81 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Allstate Corp raised its position in shares of Host Hotels and Resorts by 74.3% in the first quarter. Allstate Corp now owns 21,387 shares of the real estate investment trust’s stock worth $404,000 after buying an additional 9,120 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Host Hotels and Resorts by 6.6% in the first quarter. Advisory Services Network LLC now owns 41,919 shares of the real estate investment trust’s stock worth $792,000 after buying an additional 2,597 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Host Hotels and Resorts by 4.0% in the first quarter. Nordea Investment Management AB now owns 1,377,712 shares of the real estate investment trust’s stock worth $26,040,000 after buying an additional 52,897 shares in the last quarter. Horizon Investments LLC purchased a new stake in shares of Host Hotels and Resorts in the first quarter worth $195,000. Finally, FMR LLC raised its position in shares of Host Hotels and Resorts by 3.0% in the first quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock worth $330,307,000 after buying an additional 514,020 shares in the last quarter. Institutional investors own 97.62% of the company’s stock.

HST has been the topic of several recent research reports. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research report on Tuesday, March 19th. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Deutsche Bank restated a “buy” rating and set a $22.00 target price on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Morgan Stanley set a $18.00 target price on Host Hotels and Resorts and gave the stock a “sell” rating in a research report on Friday, May 3rd. Finally, Wolfe Research downgraded Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 target price on the stock. in a research report on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.77.

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Host Hotels and Resorts 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

Further Reading: Net Margin

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