Stock traders are buying a high volume of hotel and resort guest call options (NASDAQ: HST)
Host Hotels & Resorts, Inc. (NASDAQ: HST – Get a rating) saw unusually large options trades on Monday. Traders bought 9,314 call options on the stock. This represents a 260% increase from the typical daily volume of 2,590 call options.
Changes to analyst ratings
Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised its price target on shares of Host Hotels & Resorts from $23.00 to $26.00 in a Friday, May 6 research note. Barclays cut its price target on Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a Thursday July 7 research report. Truist Financial raised its price target on Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a Wednesday, June 1 research report. Citigroup raised its price target on Host Hotels & Resorts to $22.00 in a Monday, August 15 research report. Finally, Evercore ISI reiterated an “outperform” rating and issued a price target of $23.00 on Host Hotels & Resorts stock in a research note on Monday, July 11. Four equity research analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat data, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $22.00.
Host Hotels & Resorts Share Performance
The NASDAQ HST fell $0.29 on Monday, hitting $17.95. The company had a trading volume of 114,554 shares, compared to its average volume of 8,530,144. The stock’s fifty-day moving average price is $17.96. The company has a market capitalization of $12.83 billion, a price-earnings ratio of 22.80 and a beta of 1.24. The company has a quick ratio of 11.29, a current ratio of 11.29 and a leverage ratio of 0.62. Host Hotels & Resorts has a 1-year minimum of $15.10 and a 1-year maximum of $21.63.
Host Hotels & Resorts (NASDAQ: HST – Get a rating) last released its quarterly results on Wednesday, August 3. The company reported earnings per share of $0.36 for the quarter, missing analyst consensus estimates of $0.48 per ($0.12). Host Hotels & Resorts achieved a return on equity of 8.86% and a net margin of 13.34%. During the same period last year, the company posted EPS of $0.12. On average, research analysts expect Host Hotels & Resorts to post 1.78 earnings per share for the current year.
Host Hotels & Resorts increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17. Shareholders of record on Friday, September 30 will receive a dividend of $0.12. This represents a dividend of $0.48 on an annualized basis and a yield of 2.67%. This is an increase from Host Hotels & Resorts’ previous quarterly dividend of $0.06. Host Hotels & Resorts’ dividend payout ratio (DPR) is currently 30.00%.
Insider buying and selling
In related news, VP Nathan S. Tyrrell sold 10,707 shares of the company in a transaction dated Tuesday, June 7. The shares were sold at an average price of $21.00, for a total transaction of $224,847.00. Following the completion of the sale, the vice president now directly owns 379,285 shares of the company, valued at $7,964,985. The transaction was disclosed in an SEC filing, which is available via the SEC website. 1.20% of the shares are currently held by insiders.
Hedge funds weigh on host hotels and resorts
Several hedge funds and other institutional investors have recently changed their positions in the HST. Vanguard Group Inc. increased its position in Host Hotels & Resorts by 1.2% during the first quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company worth $2,260,281,000 after purchasing an additional 1,379,330 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Host Hotels & Resorts by 21.5% in the fourth quarter. JPMorgan Chase & Co. now owns 50,513,346 shares of the company valued at $878,428,000 after purchasing an additional 8,935,955 shares during the period. State Street Corp increased its holdings of Host Hotels & Resorts shares 7.1% in the first quarter. State Street Corp now owns 49,154,706 shares of the company worth $956,516,000 after acquiring an additional 3,240,590 shares during the period. Price T Rowe Associates Inc. MD increased its position in Host Hotels & Resorts by 660.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,902,460 shares of the company worth $531,591,000 after purchasing an additional 29,442,886 shares during the period. Finally, Norges Bank acquired a new stake in Host Hotels & Resorts in Q4 valued at approximately $422,242,000.
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 upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
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