Stock Traders Purchase High Volume of Host Hotels and Resorts Call Options (NYSE:HST)
Host Hotels and Resorts Inc (NYSE:HST) saw some unusual options trading on Wednesday. Investors bought 10,709 call options on the stock. This represents an increase of approximately 4,083% compared to the typical daily volume of 256 call options.
In other Host Hotels and Resorts news, VP Nathan S. Tyrrell sold 1,685 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.73, for a total transaction of $33,245.05. Following the transaction, the vice president now owns 162,713 shares in the company, valued at $3,210,327.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Walter C. Rakowich sold 2,895 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $19.17, for a total transaction of $55,497.15. Following the completion of the sale, the director now owns 44,982 shares in the company, valued at approximately $862,304.94. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HST. Liberty Wealth Management LLC acquired a new stake in Host Hotels and Resorts during the first quarter worth $34,000. Bessemer Group Inc. boosted its stake in Host Hotels and Resorts by 99.6% during the fourth quarter. Bessemer Group Inc. now owns 3,086 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,540 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Host Hotels and Resorts during the first quarter worth $54,000. Private Capital Group LLC lifted its holdings in shares of Host Hotels and Resorts by 46.4% during the first quarter. Private Capital Group LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 1,055 shares during the period. Finally, Investors Research Corp bought a new position in shares of Host Hotels and Resorts during the first quarter valued at $77,000. Hedge funds and other institutional investors own 97.08% of the company’s stock.
HST opened at $18.16 on Friday. Host Hotels and Resorts has a fifty-two week low of $15.94 and a fifty-two week high of $22.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.11 and a quick ratio of 5.11. The business’s fifty day simple moving average is $18.38. The firm has a market capitalization of $13.62 billion, a P/E ratio of 10.26, a P/E/G ratio of 2.03 and a beta of 1.13.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts forecast that Host Hotels and Resorts will post 1.81 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.41%. Host Hotels and Resorts’s dividend payout ratio is currently 45.20%.
Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.
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