Host Hotels and Resorts Inc (HST) was Initiated by Goldman to “Neutral”. Goldman advised their investors in a research report released on Sep 26, 2016.
Many Wall Street Analysts have commented on Host Hotels and Resorts Inc. Shares were Downgraded by RBC Capital Mkts on Aug 1, 2016 to ” Sector Perform” and Lowered the Price Target to $ 18 from a previous price target of $19 .Shares were Downgraded by JP Morgan on Jul 13, 2016 to ” Underweight” and Lowered the Price Target to $ 15 from a previous price target of $16 .
On the company’s financial health, Host Hotels and Resorts Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $1459.00 million for the quarter, compared to analysts expectations of $1463.60 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
Host Hotels and Resorts Inc opened for trading at $16.15 and hit $16.4 on the upside on Thursday, eventually ending the session at $16.31, with a gain of 2.07% or 0.33 points. The heightened volatility saw the trading volume jump to 82,04,509 shares. Company has a market cap of $12,110 M.
Investors should note that on Sep 15, 2016, Host Hotels and Resorts Inc announced a cash dividend of $0.2000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 17, 2016.
In a different news, on Aug 18, 2016, Gregory J Larson (EVP & Chief Financial Officer) sold 40,000 shares at $18.22 per share price. According to the SEC, on Aug 11, 2016, Brian G Macnamara (SVP, Controller) sold 5,000 shares at $18.21 per share price. On Aug 9, 2016, W Edward Walter (President & CEO) sold 100,000 shares at $17.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Host Hotels & Resorts Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc. owns properties and conducts operations through Host Hotels & Resorts L.P. (Host L.P.) of which Host Inc. is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31 2014. As of February 20 2015 the Companys lodging portfolio consists of 114 luxury and upper-upscale hotels containing approximately 59000 rooms with the majority located in the United States and with 17 of the properties located outside of the United States in Australia Brazil Canada Chile Mexico and New Zealand. In addition the Company owns non-controlling interests in two international joint ventures.