Host Hotels and Resorts Inc (HST) CFO Gregory J. Larson Sells 40,678 Shares

Host Hotels and Resorts Inc (NYSE:HST) CFO Gregory J. Larson sold 40,678 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $18.24, for a total transaction of $741,966.72. Following the completion of the transaction, the chief financial officer now owns 220,841 shares of the company’s stock, valued at $4,028,139.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Host Hotels and Resorts Inc (NYSE:HST) traded down 0.70% during midday trading on Monday, hitting $18.31. 2,107,581 shares of the company traded hands. Host Hotels and Resorts Inc has a 12-month low of $14.30 and a 12-month high of $20.21. The stock’s 50-day moving average is $18.23 and its 200 day moving average is $17.34. The stock has a market capitalization of $13.54 billion, a P/E ratio of 17.95 and a beta of 1.30.

Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Wednesday, February 22nd. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.03. Host Hotels and Resorts had a net margin of 14.72% and a return on equity of 11.22%. The company earned $1.34 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up .8% on a year-over-year basis. On average, analysts expect that Host Hotels and Resorts Inc will post $0.67 earnings per share for the current year.

Insider Buying and Selling by Quarter for Host Hotels and Resorts (NYSE:HST)

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Wednesday, March 29th. Host Hotels and Resorts’s dividend payout ratio is presently 74.77%.

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Several institutional investors have recently made changes to their positions in HST. KAMES CAPITAL plc bought a new position in shares of Host Hotels and Resorts during the second quarter worth $1,944,000. Kentucky Retirement Systems bought a new position in shares of Host Hotels and Resorts during the second quarter worth $1,030,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Host Hotels and Resorts during the second quarter worth $489,000. LGT Capital Partners LTD. increased its position in shares of Host Hotels and Resorts by 24.2% in the third quarter. LGT Capital Partners LTD. now owns 455,790 shares of the company’s stock worth $7,097,000 after buying an additional 88,900 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC bought a new position in shares of Host Hotels and Resorts during the third quarter worth $3,488,000.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Tuesday, January 31st. Canaccord Genuity restated a “hold” rating and set a $20.00 target price (up from $17.00) on shares of Host Hotels and Resorts in a report on Friday, December 23rd. Royal Bank of Canada restated a “hold” rating and set a $20.00 target price on shares of Host Hotels and Resorts in a report on Friday, February 24th. Evercore ISI cut shares of Host Hotels and Resorts from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Finally, Argus cut shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.73.

About Host Hotels and Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

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