Short Interest in Host Hotels & Resorts, Inc. (NASDAQ:HST) Grows By 5.3%

Host Hotels & Resorts, Inc. (NASDAQ:HST) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 40,860,000 shares, an increase of 5.3% from the August 15th total of 38,820,000 shares. Based on an average trading volume of 7,620,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 5.9% of the company’s shares are short sold.

Host Hotels & Resorts Stock Up 0.2 %

Host Hotels & Resorts stock opened at $17.46 on Tuesday. The company has a 50 day moving average of $17.17 and a 200-day moving average of $18.42. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31. The stock has a market capitalization of $12.31 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s payout ratio is presently 78.43%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Robert W. Baird cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Barclays decreased their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Finally, Wedbush reiterated an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.06.

Institutional Trading of Host Hotels & Resorts

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Host Hotels & Resorts during the fourth quarter worth about $615,558,000. SG Americas Securities LLC raised its holdings in shares of Host Hotels & Resorts by 3,870.5% in the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after purchasing an additional 2,165,260 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Host Hotels & Resorts by 103.2% in the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC boosted its holdings in Host Hotels & Resorts by 106.5% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock worth $66,590,000 after purchasing an additional 1,764,294 shares during the last quarter. Finally, KBC Group NV grew its position in Host Hotels & Resorts by 782.1% in the fourth quarter. KBC Group NV now owns 1,621,288 shares of the company’s stock valued at $31,567,000 after purchasing an additional 1,437,499 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.