Insider Selling: Host Hotels & Resorts (NASDAQ:HST) Director Sells $341,674.61 in Stock

Host Hotels & Resorts, Inc. (NASDAQ:HST) Director Mary Baglivo sold 13,963 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $24.47, for a total transaction of $341,674.61. Following the completion of the transaction, the director directly owned 2,468 shares of the company’s stock, valued at approximately $60,391.96. This trade represents a 84.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, November 9th, Mary Baglivo sold 2,466 shares of Host Hotels & Resorts stock. The shares were sold at an average price of $25.35, for a total transaction of $62,513.10.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $25.52 on Friday. The business’s 50 day simple moving average is $23.50 and its 200-day simple moving average is $22.22. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 3.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.79 and a quick ratio of 2.96. Host Hotels & Resorts, Inc. has a 12 month low of $16.77 and a 12 month high of $26.19.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a return on equity of 14.33% and a net margin of 15.01%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 2.20 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given 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 was Wednesday, September 30th. Host Hotels & Resorts’s payout ratio is presently 58.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HST. AlphaGrep UK Ltd boosted its position in Host Hotels & Resorts by 110.0% during the third quarter. AlphaGrep UK Ltd now owns 32,046 shares of the company’s stock worth $718,000 after acquiring an additional 16,789 shares during the last quarter. CacheTech Inc. grew its stake in Host Hotels & Resorts by 44.4% in the 3rd quarter. CacheTech Inc. now owns 47,302 shares of the company’s stock worth $1,059,000 after acquiring an additional 14,548 shares during the period. GSI Capital Advisors LLC raised its holdings in Host Hotels & Resorts by 52.1% in the 3rd quarter. GSI Capital Advisors LLC now owns 509,749 shares of the company’s stock valued at $11,413,000 after acquiring an additional 174,596 shares during the last quarter. First Trust Advisors LP raised its holdings in Host Hotels & Resorts by 17.8% in the 3rd quarter. First Trust Advisors LP now owns 1,160,037 shares of the company’s stock valued at $25,973,000 after acquiring an additional 175,161 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its holdings in Host Hotels & Resorts by 8.2% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 312,761 shares of the company’s stock valued at $7,017,000 after acquiring an additional 23,584 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Morgan Stanley upped their target price on Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Evercore set a $26.00 price target on Host Hotels & Resorts in a research note on Monday, October 26th. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Barclays boosted their price objective on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. Finally, Truist Financial increased their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.