Host Hotels & Resorts, Inc. (HST) Short Interest Down 16.9% in October

Host Hotels & Resorts, Inc. (NYSE:HST) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 50,144,868 shares, a decline of 16.9% from the October 13th total of 60,369,053 shares. Approximately 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,850,598 shares, the days-to-cover ratio is presently 7.3 days.

A number of analysts have recently commented on HST shares. Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Barclays PLC restated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Zacks Investment Research cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BidaskClub upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.50.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. boosted its stake in Host Hotels & Resorts by 19.7% during the third quarter. Eqis Capital Management Inc. now owns 17,018 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 2,803 shares during the last quarter. Swiss National Bank lifted its stake in shares of Host Hotels & Resorts by 3.0% in the 2nd quarter. Swiss National Bank now owns 2,701,069 shares of the real estate investment trust’s stock valued at $49,349,000 after purchasing an additional 79,500 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Host Hotels & Resorts by 63.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 933,057 shares of the real estate investment trust’s stock valued at $17,047,000 after purchasing an additional 362,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Host Hotels & Resorts by 165.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 561,000 shares of the real estate investment trust’s stock valued at $10,249,000 after purchasing an additional 349,602 shares during the last quarter. Finally, Evanston Investments Inc. dba Evanston Advisors lifted its stake in shares of Host Hotels & Resorts by 3.7% in the 2nd quarter. Evanston Investments Inc. dba Evanston Advisors now owns 425,105 shares of the real estate investment trust’s stock valued at $7,767,000 after purchasing an additional 15,247 shares during the last quarter.

Host Hotels & Resorts (HST) opened at $19.97 on Wednesday. The firm has a market capitalization of $14,820.00, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 2.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62. Host Hotels & Resorts has a 12 month low of $16.40 and a 12 month high of $20.23.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.33. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Host Hotels & Resorts had a return on equity of 8.44% and a net margin of 11.11%. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. equities analysts forecast that Host Hotels & Resorts will post 1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, September 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 98.77%.

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About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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