Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 2,608 put options on the stock. This is an increase of approximately 497% compared to the average volume of 437 put options.
Insider Activity
In other news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.
Institutional Trading of Host Hotels & Resorts
A number of large investors have recently modified their holdings of HST. CVA Family Office LLC acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $26,000. Riverview Trust Co bought a new position in Host Hotels & Resorts in the 1st quarter valued at about $27,000. Parkside Financial Bank & Trust grew its position in Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after buying an additional 639 shares in the last quarter. NBC Securities Inc. bought a new position in Host Hotels & Resorts in the 3rd quarter valued at about $35,000. Finally, Mather Group LLC. bought a new position in Host Hotels & Resorts in the 1st quarter valued at about $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Trading Up 0.2 %
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. As a group, research analysts expect that Host Hotels & Resorts will post 1.97 EPS for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.14%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio is 76.92%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on HST shares. Jefferies Financial Group boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. Barclays boosted their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Oppenheimer boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Finally, Bank of America raised shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $23.00 in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.33.
Read Our Latest Stock Report on Host Hotels & Resorts
Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.
Further Reading
- Five stocks we like better than Host Hotels & Resorts
- Financial Services Stocks Investing
- High-Yield Texas Instruments Could Hit New Highs Soon
- How to Use the MarketBeat Stock Screener
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.