Host Hotels & Resorts (NASDAQ:HST) Stock: Insider Mary Baglivo Sells 13,963 Shares

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

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 stock was sold at an average price of $25.35, for a total value of $62,513.10.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded up $0.65 during mid-day trading on Tuesday, hitting $25.93. 8,242,480 shares of the company’s stock traded hands, compared to its average volume of 8,972,312. The firm has a 50 day moving average of $23.27 and a two-hundred day moving average of $22.12. Host Hotels & Resorts, Inc. has a 12 month low of $16.77 and a 12 month high of $26.19. The firm 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 current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.09 by $0.01. Host Hotels & Resorts had a return on equity of 14.19% and a net margin of 15.01%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business posted $0.35 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. 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 Dividend Announcement

The business 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 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 58.39%.

Institutional Trading of Host Hotels & Resorts

Several institutional investors and hedge funds have recently made changes to their positions in HST. Tidal Investments LLC lifted its holdings in shares of Host Hotels & Resorts by 186.7% in the second quarter. Tidal Investments LLC now owns 93,491 shares of the company’s stock valued at $2,217,000 after purchasing an additional 60,880 shares in the last quarter. Resolution Capital Ltd grew its holdings in shares of Host Hotels & Resorts by 5.9% during the first quarter. Resolution Capital Ltd now owns 2,097,777 shares of the company’s stock worth $40,193,000 after buying an additional 116,440 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Host Hotels & Resorts by 17.7% during the second quarter. Hsbc Holdings PLC now owns 3,648,835 shares of the company’s stock worth $86,681,000 after buying an additional 549,645 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at approximately $7,237,000. Finally, Man Group plc acquired a new stake in Host Hotels & Resorts in the 2nd quarter valued at approximately $36,999,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the topic of a number of research reports. Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Cantor Fitzgerald raised 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. 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. JPMorgan Chase & Co. increased their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Finally, Truist Financial raised their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average 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.