Traders Buy High Volume of Host Hotels and Resorts Put Options (HST)

Host Hotels and Resorts Inc (NYSE:HST) was the target of unusually large options trading activity on Monday. Stock traders purchased 1,992 put options on the company. This represents an increase of 3,522% compared to the average daily volume of 55 put options.

A number of research firms recently issued reports on HST. Deutsche Bank reiterated a “buy” rating and set a $22.00 price objective on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Wolfe Research cut shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target for the company. in a research report on Tuesday, March 12th. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, March 19th. Barclays upgraded shares of Host Hotels and Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $23.00 to $22.00 in a research report on Tuesday, December 18th. Finally, Evercore ISI upgraded shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research report on Tuesday, December 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.22.

Shares of NYSE HST opened at $19.00 on Wednesday. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 0.51. Host Hotels and Resorts has a 52-week low of $15.94 and a 52-week high of $22.47. The company has a market capitalization of $14.12 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.18 and a beta of 1.21.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Host Hotels and Resorts had a net margin of 19.68% and a return on equity of 14.86%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company posted $0.12 EPS. As a group, research analysts expect that Host Hotels and Resorts will post 1.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.21%. The ex-dividend date was Thursday, March 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is currently 45.20%.

In related news, CFO Michael D. Bluhm sold 18,360 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total transaction of $364,262.40. Following the completion of the transaction, the chief financial officer now directly owns 176,618 shares in the company, valued at approximately $3,504,101.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HST. Doyle Wealth Management acquired a new stake in shares of Host Hotels and Resorts during the fourth quarter worth $33,000. Private Capital Group LLC increased its position in shares of Host Hotels and Resorts by 44.7% during the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 703 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Host Hotels and Resorts during the fourth quarter worth $39,000. Exane Asset Management acquired a new stake in shares of Host Hotels and Resorts during the fourth quarter worth $43,000. Finally, Parallel Advisors LLC increased its position in shares of Host Hotels and Resorts by 129.4% during the fourth quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 1,737 shares during the period. Institutional investors own 97.93% of the company’s stock.

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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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