Rep. Steve Cohen Sells Off Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Representative Steve Cohen (D-Tennessee) recently sold shares of Host Hotels & Resorts, Inc. (NASDAQ:HST). In a filing disclosed on January 10th, the Representative disclosed that they had sold between $15,001 and $50,000 in Host Hotels & Resorts stock on December 11th. The trade occurred in the Representative’s “STEPHENS SEP IRA” account.

Representative Steve Cohen also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Emergent BioSolutions (NYSE:EBS) on 12/11/2024.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.28 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 16.78 and a beta of 1.31. The firm’s 50 day simple moving average is $17.98 and its 200-day simple moving average is $17.64. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. Analysts expect that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.20 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Institutional Investors Weigh In On Host Hotels & Resorts

Large investors have recently made changes to their positions in the stock. Freedom Investment Management Inc. boosted its stake in Host Hotels & Resorts by 3.0% during the third quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after buying an additional 625 shares during the last quarter. D Orazio & Associates Inc. raised its holdings in shares of Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after acquiring an additional 648 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after acquiring an additional 784 shares during the period. Inspire Investing LLC boosted its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock valued at $1,441,000 after acquiring an additional 812 shares during the last quarter. Finally, Mendota Financial Group LLC grew its holdings in shares of Host Hotels & Resorts by 27.1% in the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock valued at $70,000 after purchasing an additional 842 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HST shares. UBS Group reduced their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $21.04.

About Representative Cohen

Steve Cohen (Democratic Party) is a member of the U.S. House, representing Tennessee’s 9th Congressional District. He assumed office on January 3, 2007. His current term ends on January 3, 2025. Cohen (Democratic Party) is running for re-election to the U.S. House to represent Tennessee’s 9th Congressional District. He declared candidacy for the Democratic primary scheduled on August 1, 2024. He represented District 30 of the Tennessee State Senate from 1983-2006. As a child, Cohen contracted polio. Cohen filed to run for his first elected office the same day that he first registered to vote. Cohen earned a bachelor’s degree from Vanderbilt and a J.D. from the University of Memphis School of Law. Prior to his election to the U.S. House, Cohen was a member of the Tennessee State Senate.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.