Short Interest in Host Hotels and Resorts Inc (HST) Drops By 8.1%

Host Hotels and Resorts Inc (NYSE:HST) saw a significant decrease in short interest in November. As of November 30th, there was short interest totalling 41,395,708 shares, a decrease of 8.1% from the November 15th total of 45,040,938 shares. Currently, 5.7% of the shares of the company are sold short. Based on an average trading volume of 5,959,055 shares, the short-interest ratio is currently 6.9 days.

HST has been the subject of several recent analyst reports. Deutsche Bank raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $18.00 to $21.00 in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of Host Hotels and Resorts in a report on Friday, September 8th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $21.00 target price on shares of Host Hotels and Resorts in a report on Monday, November 6th. Zacks Investment Research raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Wells Fargo & Company raised Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Host Hotels and Resorts currently has an average rating of “Hold” and an average target price of $20.19.

Host Hotels and Resorts (HST) opened at $20.14 on Monday. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.23. The firm has a market capitalization of $14,905.37, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.28. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, meeting the consensus estimate of $0.33. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the company earned $0.37 earnings per share. Host Hotels and Resorts’s revenue was down 3.2% compared to the same quarter last year. equities research analysts predict that Host Hotels and Resorts will post 1.66 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.97%. The ex-dividend date is Thursday, December 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 100.00%.

Several institutional investors have recently bought and sold shares of HST. Principal Financial Group Inc. boosted its holdings in shares of Host Hotels and Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock worth $176,164,000 after acquiring an additional 4,738,572 shares during the period. BlackRock Inc. boosted its holdings in shares of Host Hotels and Resorts by 3.7% in the second quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock worth $1,391,737,000 after acquiring an additional 2,707,618 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Host Hotels and Resorts in the third quarter worth $47,467,000. Bank of New York Mellon Corp boosted its holdings in shares of Host Hotels and Resorts by 12.1% in the third quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock worth $358,876,000 after acquiring an additional 2,094,813 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Host Hotels and Resorts by 90.5% in the second quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock worth $52,095,000 after acquiring an additional 1,354,500 shares during the period.

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About Host Hotels and Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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