Host Hotels & Resorts (NASDAQ:HST) Shares Unloaded Rep. Steve Cohen

Representative Steve Cohen (D-Tennessee) recently sold shares of Host Hotels & Resorts, Inc. (NASDAQ:HST). In a filing disclosed on January 10th, the Representative disclosed that they had sold between $15,001 and $50,000 in Host Hotels & Resorts stock on December 11th. The trade occurred in the Representative’s “STEPHENS SEP IRA” account.

Representative Steve Cohen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Emergent BioSolutions (NYSE:EBS) on 12/11/2024.

Host Hotels & Resorts Trading Up 0.7 %

NASDAQ:HST opened at $17.28 on Wednesday. The firm has a 50-day simple moving average of $17.98 and a 200-day simple moving average of $17.64. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The firm has a market cap of $12.08 billion, a P/E ratio of 16.78 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is 77.67%.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eastern Bank purchased a new position in Host Hotels & Resorts in the 4th quarter valued at $45,000. Farther Finance Advisors LLC lifted its position in Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares in the last quarter. Signaturefd LLC boosted its stake in Host Hotels & Resorts by 50.5% during the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after buying an additional 1,198 shares during the last quarter. Mendota Financial Group LLC boosted its stake in Host Hotels & Resorts by 27.1% during the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after buying an additional 842 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in Host Hotels & Resorts in the 3rd quarter valued at $90,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on HST. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.04.

About Representative Cohen

Steve Cohen (Democratic Party) is a member of the U.S. House, representing Tennessee’s 9th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Cohen (Democratic Party) is running for re-election to the U.S. House to represent Tennessee’s 9th Congressional District. He declared candidacy for the Democratic primary scheduled on August 1, 2024. He represented District 30 of the Tennessee State Senate from 1983-2006. As a child, Cohen contracted polio. Cohen filed to run for his first elected office the same day that he first registered to vote. Cohen earned a bachelor’s degree from Vanderbilt and a J.D. from the University of Memphis School of Law. Prior to his election to the U.S. House, Cohen was a member of the Tennessee State Senate.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.