Published: Thu, March 09, 2017
Markets | By Erika Turner

Park Hotels & Resorts Inc (PK) Lowered to Sell at Zacks Investment Research

(NYSE:HST) was downgraded by Goldman Sachs Group Inc. from a "neutral" rating to a "sell" rating in a note issued to investors on Thursday. The shares were sold at an average price of $19.38, for a total value of $163,315.26. The Low Price target projection by analysts is $16 and the Mean Price Target is $18.65. Norges Bank bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $22,167,000. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company's stock. The analysts believe that the company stock price could grow as high as $21.

Host Hotels & Resorts, Inc. has a 50 day moving average of 18.29 and a 200 day moving average of 17.33. The company's market cap is $13.85 Billion, and the average volume is $9.73 Million. The company rocked its 52-Week High of $20.21 on Feb 22, 2017 and touched its 52-Week Low of $14.3 on May 19, 2016. According to their predictions High & Low revenue estimates are 1.38 Billion and 1.24 Billion respectively. While in the same Quarter Previous year, the Actual EPS was $0.24.

EPS growth for this year is -0.20% and EPS growth for next year is expected to reach at 1.05%. Analysts are forecasting earnings of $0.39 on a per share basis this quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.43 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, December 28th. Xenia Hotels & Resorts's revenue was down 11.6% on a year-over-year basis.

This news story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright law. This appreciation has taken its price 32.28% above the 52-week low. The Price to Sales (P/S) of the stock is 2.52, while P/B (Price to Book) stands at 1.95. James F. Risoleo, President and Chief Executive Officer of Host Hotels, stated: "We are pleased with the Company's solid fourth quarter and full year 2016 results, including meaningful year-over-year growth in diluted EPS and Adjusted FFO per share, reflecting outstanding work and successful execution by the talented employees of Host Hotels". The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brian G. Macnamara sold 8,427 shares of the business's stock in a transaction dated Wednesday, December 21st. Scholes now expects that the firm will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.64.

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In the trailing 12 months period, return on assets ratio of the Company was 2.90% and return on equity ratio was 5.30% while its return on investment ratio was 3.70%.

The Company now has Insider ownership of 1 Percent and Institutional Ownership of 0 Percent.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XHR.

Many analysts have provided their estimated foresights on Host Hotels & Resorts, Inc. The stock had a trading volume of 235,978 shares. Xenia Hotels & Resorts's dividend payout ratio is 122.22%. The Company has a portfolio of hotels and resorts.

12/21/2016 - Host Hotels & Resorts, Inc. had its " rating reiterated by analysts at Canaccord Genuity. Uniplan Investment Counsel Inc. now owns 2,581,339 shares of the company's stock valued at $41,844,000 after buying an additional 47,793 shares in the last quarter. Christopher J. Nassetta is one of the biggest insider owners in Host Hotels & Resorts, Inc. The Company's segment is investment in hotel properties.

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust.

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