Investors Purchase Large Volume of Put Options on Host Hotels and Resorts (NYSE:HST)

Host Hotels and Resorts Inc (NYSE:HST) saw unusually large options trading activity on Wednesday. Stock investors purchased 1,992 put options on the stock. This is an increase of 3,113% compared to the average volume of 62 put options.

A number of equities analysts have recently issued reports on HST shares. Morgan Stanley cut their target price on Host Hotels and Resorts from $17.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, January 9th. Deutsche Bank dropped their price objective on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. BMO Capital Markets started coverage on Host Hotels and Resorts in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 price objective for the company. Finally, ValuEngine raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.47.

In other Host Hotels and Resorts news, Chairman Richard E. Marriott sold 160,195 shares of Host Hotels and Resorts stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $18.51, for a total value of $2,965,209.45. Following the transaction, the chairman now directly owns 3,503,058 shares in the company, valued at $64,841,603.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in HST. AE Wealth Management LLC lifted its stake in Host Hotels and Resorts by 8.2% in the 4th quarter. AE Wealth Management LLC now owns 22,305 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 1,697 shares in the last quarter. Legacy Private Trust Co. lifted its position in shares of Host Hotels and Resorts by 3.0% in the fourth quarter. Legacy Private Trust Co. now owns 92,388 shares of the real estate investment trust’s stock valued at $1,714,000 after acquiring an additional 2,678 shares in the last quarter. Patten Group Inc. boosted its stake in shares of Host Hotels and Resorts by 16.6% during the fourth quarter. Patten Group Inc. now owns 76,050 shares of the real estate investment trust’s stock valued at $1,411,000 after acquiring an additional 10,821 shares during the last quarter. First Hawaiian Bank boosted its stake in shares of Host Hotels and Resorts by 36.5% during the fourth quarter. First Hawaiian Bank now owns 15,122 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 4,040 shares during the last quarter. Finally, DNB Asset Management AS increased its position in Host Hotels and Resorts by 111.6% during the 4th quarter. DNB Asset Management AS now owns 176,549 shares of the real estate investment trust’s stock worth $3,275,000 after purchasing an additional 93,118 shares in the last quarter. 97.26% of the stock is currently owned by institutional investors.

NYSE HST traded up $0.20 during trading hours on Thursday, reaching $17.85. The company’s stock had a trading volume of 326,297 shares, compared to its average volume of 5,656,872. The company has a debt-to-equity ratio of 0.59, a quick ratio of 7.70 and a current ratio of 7.70. The company’s 50-day moving average is $18.05 and its two-hundred day moving average is $17.26. Host Hotels and Resorts has a fifty-two week low of $15.51 and a fifty-two week high of $20.34. The stock has a market cap of $12.68 billion, a PE ratio of 10.08, a PEG ratio of 2.08 and a beta of 1.15.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Monday, December 30th. Host Hotels and Resorts’s payout ratio is currently 45.20%.

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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