Host Hotels and Resorts Inc (NYSE:HST) Short Interest Up 7.7% in July

Host Hotels and Resorts Inc (NYSE:HST) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 34,643,700 shares, an increase of 7.7% from the June 30th total of 32,174,100 shares. Based on an average daily trading volume, of 6,320,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 4.7% of the shares of the company are sold short.

Shares of NYSE:HST traded up $0.25 on Friday, hitting $15.85. The company’s stock had a trading volume of 6,709,516 shares, compared to its average volume of 6,796,874. Host Hotels and Resorts has a 12 month low of $15.51 and a 12 month high of $21.94. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.88 and a beta of 1.13. The stock’s 50-day moving average is $17.55 and its two-hundred day moving average is $18.57. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.11 and a current ratio of 5.12.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $0.28 EPS. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. Equities analysts expect that Host Hotels and Resorts will post 1.76 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Host Hotels and Resorts by 3.0% in the first quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock valued at $330,307,000 after buying an additional 514,020 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Host Hotels and Resorts by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 12,077,527 shares of the real estate investment trust’s stock valued at $201,051,000 after buying an additional 858,560 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Host Hotels and Resorts by 175.2% in the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock valued at $213,137,000 after buying an additional 7,446,548 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Host Hotels and Resorts by 60.2% in the second quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after buying an additional 3,850,979 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Host Hotels and Resorts by 17.4% in the second quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock valued at $185,492,000 after buying an additional 1,505,749 shares during the period. 97.81% of the stock is owned by institutional investors.

A number of brokerages recently commented on HST. Barclays set a $21.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Monday. Capital One Financial assumed coverage on Host Hotels and Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price target for the company. BTIG Research cut Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Thursday. ValuEngine cut Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley set a $18.00 price target on Host Hotels and Resorts and gave the stock a “sell” rating in a research note on Friday, May 3rd. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Host Hotels and Resorts has an average rating of “Hold” and a consensus target price of $20.72.

About Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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