The stock of Host Hotels and Resorts Inc (NYSE:HST) is a huge mover today! About 2.67 million shares traded hands. Host Hotels and Resorts Inc (NYSE:HST) has risen 9.41% since April 26, 2016 and is uptrending. It has outperformed by 4.15% the S&P500.
The move comes after 7 months positive chart setup for the $12.80B company. It was reported on Nov, 29 by Barchart.com. We have $18.13 PT which if reached, will make NYSE:HST worth $640.00 million more.
Analysts await Host Hotels and Resorts Inc (NYSE:HST) to report earnings on February, 15. They expect $0.38 earnings per share, down 2.56% or $0.01 from last year’s $0.39 per share. HST’s profit will be $281.64 million for 11.36 P/E if the $0.38 EPS becomes a reality. After $0.37 actual earnings per share reported by Host Hotels and Resorts Inc for the previous quarter, Wall Street now forecasts 2.70% EPS growth.
Host Hotels and Resorts Inc (NYSE:HST) Ratings Coverage
Out of 19 analysts covering Host Hotels & Resorts (NYSE:HST), 6 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 32% are positive. Host Hotels & Resorts has been the topic of 41 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Raymond James upgraded Host Hotels and Resorts Inc (NYSE:HST) on Wednesday, May 18 to “Market Perform” rating. JMP Securities downgraded the stock to “Mkt Perform” rating in Monday, January 11 report. The stock of Host Hotels and Resorts Inc (NYSE:HST) has “Sell” rating given on Tuesday, August 11 by M Partners. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. On Wednesday, July 13 the stock rating was downgraded by JP Morgan to “Underweight”. The rating was maintained by UBS on Thursday, February 4 with “Neutral”. The stock of Host Hotels and Resorts Inc (NYSE:HST) has “Neutral” rating given on Tuesday, February 16 by Credit Suisse. Argus Research maintained it with “Buy” rating and $23 target price in Wednesday, August 24 report. As per Thursday, January 7, the company rating was upgraded by Robert W. Baird. Credit Suisse downgraded Host Hotels and Resorts Inc (NYSE:HST) on Friday, July 31 to “Neutral” rating.
According to Zacks Investment Research, “Host Hotels & Resorts, Inc. is a lodging real estate company that currently owns or holds controlling interests in upper upscale and luxury hotel properties primarily operated under premium brands. Host Hotels & Resorts will be the premier lodging real estate company. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance would maximize shareholders’ returns through a combination of dividends, growth in funds from operations and increasing asset value.”
Insitutional Activity: The institutional sentiment decreased to 1.09 in Q2 2016. Its down 0.12, from 1.21 in 2016Q1. The ratio worsened, as 35 funds sold all Host Hotels and Resorts Inc shares owned while 139 reduced positions. 52 funds bought stakes while 159 increased positions. They now own 807.81 million shares or 4.78% more from 770.96 million shares in 2016Q1.
Honeywell Int accumulated 0.08% or 201,040 shares. Ubs Asset Management Americas Incorporated holds 0.07% or 3.73 million shares in its portfolio. Verition Fund Mgmt Ltd last reported 0.02% of its portfolio in the stock. Moreover, Sector Pension Board has 0.03% invested in Host Hotels and Resorts Inc (NYSE:HST) for 141,660 shares. First Tru Advisors L P reported 1.51 million shares or 0.08% of all its holdings. Asset Mngmt has invested 0.03% of its portfolio in Host Hotels and Resorts Inc (NYSE:HST). Atria Limited Liability Corporation owns 96,138 shares or 0.18% of their US portfolio. Commonwealth National Bank & Trust Of last reported 0.01% of its portfolio in the stock. Mackenzie Financial Corporation, a Ontario – Canada-based fund reported 92,656 shares. Moreover, Aberdeen Asset Public Lc Uk has 0.01% invested in Host Hotels and Resorts Inc (NYSE:HST) for 197,645 shares. Blackrock Institutional Tru Com Na last reported 30.53 million shares in the company. Geode Cap Mgmt Ltd Com reported 7.44 million shares or 0.07% of all its holdings. Assets Mgmt Limited Liability Company last reported 45,000 shares in the company. Ridgeworth Capital Mgmt Limited Liability has invested 0% of its portfolio in Host Hotels and Resorts Inc (NYSE:HST). Creative Planning holds 0% or 6,651 shares in its portfolio.
Insider Transactions: Since August 2, 2016, the stock had 0 insider buys, and 4 insider sales for $2.71 million net activity. The insider WALTER W EDWARD sold $1.78 million. Shares for $105,089 were sold by MACNAMARA BRIAN G. On Tuesday, August 16 LARSON GREGORY J sold $728,812 worth of the stock or 40,000 shares.
Another recent and important Host Hotels and Resorts Inc (NYSE:HST) news was published by Globenewswire.com which published an article titled: “Host Hotels & Resorts, Inc. Adopts Proxy Access Bylaw Amendment” on November 22, 2016.
HST Company Profile
Host Hotels & Resorts, Inc. (Host Inc.), incorporated on September 28, 1998, operates as a self-managed and self-administered real estate investment trust (REIT). The Firm operates through hotel ownership segment. The Firm owns properties and conducts activities 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). The Company’s portfolio consists of luxury and upper upscale properties located in the central business districts of cities, near airports and resort/conference destinations. In addition to its consolidated hotel portfolio, the Company also owns non-controlling interests in several entities and owned interest in approximately 20 hotel properties.
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