Host Hotels and Resorts Inc (HST) Short Interest Down 15.2% in February

Host Hotels and Resorts Inc (NYSE:HST) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 27,554,464 shares, a decline of 15.2% from the February 15th total of 32,489,429 shares. Currently, 3.8% of the company’s shares are sold short. Based on an average daily volume of 10,239,901 shares, the short-interest ratio is presently 2.7 days.

Host Hotels and Resorts stock opened at $19.16 on Friday. The company has a market capitalization of $14.19 billion, a PE ratio of 10.82, a P/E/G ratio of 2.17 and a beta of 1.22. Host Hotels and Resorts has a 1 year low of $15.94 and a 1 year high of $22.47. The company has a current ratio of 5.51, a quick ratio of 5.51 and a debt-to-equity ratio of 0.51.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels and Resorts had a net margin of 19.68% and a return on equity of 14.86%. During the same period in the previous year, the firm earned $0.12 EPS. On average, research analysts forecast that Host Hotels and Resorts will post 1.77 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, March 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 45.20%.

In other Host Hotels and Resorts news, CFO Michael D. Bluhm sold 18,360 shares of Host Hotels and Resorts stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total transaction of $364,262.40. Following the transaction, the chief financial officer now directly owns 176,618 shares of the company’s stock, valued at $3,504,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HST. Chicago Equity Partners LLC grew its holdings in shares of Host Hotels and Resorts by 27.6% in the third quarter. Chicago Equity Partners LLC now owns 25,600 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 5,540 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Host Hotels and Resorts by 2.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,971,242 shares of the real estate investment trust’s stock valued at $62,693,000 after purchasing an additional 79,837 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Host Hotels and Resorts by 1.3% in the third quarter. Toronto Dominion Bank now owns 482,016 shares of the real estate investment trust’s stock valued at $10,168,000 after purchasing an additional 6,168 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Host Hotels and Resorts by 16.6% in the third quarter. MML Investors Services LLC now owns 20,291 shares of the real estate investment trust’s stock valued at $428,000 after purchasing an additional 2,884 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of Host Hotels and Resorts by 3.8% in the third quarter. Chartwell Investment Partners LLC now owns 150,138 shares of the real estate investment trust’s stock valued at $3,168,000 after purchasing an additional 5,503 shares in the last quarter. 96.74% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on HST shares. Citigroup downgraded shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $24.00 to $19.50 in a research note on Wednesday, December 12th. Barclays raised shares of Host Hotels and Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $23.00 to $22.00 in a research note on Tuesday, December 18th. Evercore ISI raised shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research note on Tuesday, December 18th. Morgan Stanley downgraded shares of Host Hotels and Resorts from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 20th. Finally, Zacks Investment Research downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $21.39.

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About Host Hotels and Resorts

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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