In yesterday’s Wall Street session, Host Hotels & Resorts Inc (NASDAQ:HST) shares traded at $18.87, down -1.67% from the previous session.
HST stock price is now -6.62% away from the 50-day moving average and 4.69% away from the 200-day moving average. The market capitalization of the company currently stands at $13.28B.
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On December 14, 2023, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $15, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, RISOLEO JAMES F, President and CEO sold 28,136 shares of the company’s stock on Mar 21 ’24. The stock was sold for $591,959 at an average price of $21.04. Upon completion of the transaction, the President and CEO now directly owns 2,225,577 shares in the company, valued at $42.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 20 ’24, President and CEO RISOLEO JAMES F sold 150,000 shares of the business’s stock. A total of $3,116,535 was realized by selling the stock at an average price of $20.78. This leaves the insider owning 2,225,577 shares of the company worth $42.0 million. A total of 1.29% of the company’s stock is owned by insiders.
During the past 12 months, Host Hotels & Resorts Inc has had a low of $14.74 and a high of $21.31.
According to the REIT – Hotel & Motel Company, earnings per share came in at 0.4, beating analysts’ expectations of 0.24 by 0.16. This compares to $0.20 EPS in the same period last year. The net profit margin was 13.93% and return on equity was 11.09% for HST. The company reported revenue of $1.32 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.75 percent. For the current quarter, analysts expect HST to generate $1.43B in revenue.
