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

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 traded up $0.13 on Wednesday, hitting $17.41. The company’s stock had a trading volume of 1,570,272 shares, compared to its average volume of 5,386,890. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. 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 company has a market capitalization of $12.17 billion, a PE ratio of 16.90 and a beta of 1.31. The company has a 50-day simple moving average of $17.98 and a 200 day simple moving average of $17.64.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm posted $0.41 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend is Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is 77.67%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Avanza Fonder AB purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $1,457,000. Ritholtz Wealth Management boosted its stake in shares of Host Hotels & Resorts by 10.9% in the fourth quarter. Ritholtz Wealth Management now owns 106,073 shares of the company’s stock worth $1,858,000 after acquiring an additional 10,463 shares during the period. Meridian Financial Partners LLC grew its position in shares of Host Hotels & Resorts by 1.3% during the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock worth $1,364,000 after purchasing an additional 977 shares in the last quarter. Eastern Bank purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $45,000. Finally, Czech National Bank grew its holdings in Host Hotels & Resorts by 5.9% during the 4th quarter. Czech National Bank now owns 151,564 shares of the company’s stock valued at $2,655,000 after buying an additional 8,470 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

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.

Host Hotels & Resorts Company Profile

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.