Insider Selling: Host Hotels and Resorts Inc (HST) VP Sells 1,685 Shares of Stock

Host Hotels and Resorts Inc (NYSE:HST) VP Nathan S. Tyrrell sold 1,685 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.73, for a total value of $33,245.05. Following the sale, the vice president now directly owns 162,713 shares of the company’s stock, valued at approximately $3,210,327.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Host Hotels and Resorts stock traded down $0.18 during trading on Thursday, reaching $18.40. The company’s stock had a trading volume of 7,906,388 shares, compared to its average volume of 6,289,926. The stock has a market capitalization of $13.99 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.08 and a beta of 1.20. 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 Inc has a 1-year low of $15.94 and a 1-year high of $22.47.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new position in shares of Host Hotels and Resorts in the 1st quarter valued at about $3,947,000. Allstate Corp increased its stake in shares of Host Hotels and Resorts by 74.3% in the 1st quarter. Allstate Corp now owns 21,387 shares of the real estate investment trust’s stock valued at $404,000 after purchasing an additional 9,120 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Host Hotels and Resorts by 6.6% in the 1st quarter. Advisory Services Network LLC now owns 41,919 shares of the real estate investment trust’s stock valued at $792,000 after purchasing an additional 2,597 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Host Hotels and Resorts by 4.0% in the 1st quarter. Nordea Investment Management AB now owns 1,377,712 shares of the real estate investment trust’s stock valued at $26,040,000 after purchasing an additional 52,897 shares in the last quarter. Finally, Horizon Investments LLC acquired a new stake in Host Hotels and Resorts in the 1st quarter worth about $195,000. Institutional investors and hedge funds own 97.21% of the company’s stock.

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

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Host Hotels and Resorts Inc (HST) VP Sells 1,685 Shares of Stock” was first posted by Rockland Register and is the sole property of of Rockland Register. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://rocklandregister.com/2019/05/30/host-hotels-and-resorts-inc-hst-vp-nathan-s-tyrrell-sells-1685-shares.html.

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.

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