Host Hotels & Resorts (NASDAQ:HST) Stock 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 Price Performance

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

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of HST. Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $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 valued at $50,000 after buying an additional 867 shares during the period. Signaturefd LLC boosted its holdings in shares of Host Hotels & Resorts by 50.5% during the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after buying an additional 1,198 shares in the last quarter. Mendota Financial Group LLC grew its position in shares of Host Hotels & Resorts by 27.1% in the 3rd 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 period. Finally, Maryland Capital Advisors Inc. bought a new position in shares of Host Hotels & Resorts in the 3rd quarter worth about $90,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

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.

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 upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.