Host Hotels & Resorts, Inc. (NASDAQ:HST) Short Interest Up 5.0% in February

Posted by on Mar 18th, 2023

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 33,320,000 shares, a growth of 5.0% from the February 13th total of 31,730,000 shares. Based on an average daily trading volume, of 7,030,000 shares, the days-to-cover ratio is presently 4.7 days. Currently, 4.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently bought and sold shares of the business. Mather Group LLC. lifted its holdings in shares of Host Hotels & Resorts by 3.8% in the 4th quarter. Mather Group LLC. now owns 26,468 shares of the company’s stock worth $425,000 after acquiring an additional 962 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Host Hotels & Resorts by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,420,526 shares of the company’s stock worth $22,799,000 after acquiring an additional 187,496 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Host Hotels & Resorts by 44.7% in the 4th quarter. Voya Investment Management LLC now owns 354,064 shares of the company’s stock worth $5,683,000 after acquiring an additional 109,396 shares during the last quarter. Natixis lifted its holdings in shares of Host Hotels & Resorts by 1,610.2% in the 4th quarter. Natixis now owns 752,932 shares of the company’s stock worth $12,085,000 after acquiring an additional 708,907 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Host Hotels & Resorts by 35.6% in the 4th quarter. Macquarie Group Ltd. now owns 1,535,663 shares of the company’s stock worth $24,647,000 after acquiring an additional 403,007 shares during the last quarter. Institutional investors own 97.07% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $15.34 on Friday. Host Hotels & Resorts has a fifty-two week low of $15.10 and a fifty-two week high of $21.63. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.16 and a current ratio of 3.16. The firm has a fifty day moving average price of $17.41 and a 200 day moving average price of $17.35. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 17.43 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). Host Hotels & Resorts had a net margin of 12.90% and a return on equity of 9.43%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business earned $0.29 EPS. Host Hotels & Resorts’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, sell-side analysts expect that Host Hotels & Resorts will post 1.74 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.48 annualized dividend and a yield of 3.13%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 54.55%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 in a research report on Thursday, February 16th. Morgan Stanley dropped their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Finally, Citigroup dropped their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, March 3rd. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.80.

About Host Hotels & Resorts

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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