Private Advisor Group LLC raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,789 shares of the company’s stock after purchasing an additional 1,085 shares during the quarter. Private Advisor Group LLC’s holdings in Host Hotels & Resorts were worth $268,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. CVA Family Office LLC bought a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its holdings in Host Hotels & Resorts by 57.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after buying an additional 639 shares in the last quarter. NBC Securities Inc. bought a new stake in Host Hotels & Resorts during the third quarter worth approximately $35,000. Turtle Creek Wealth Advisors LLC bought a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Private Trust Co. NA boosted its holdings in Host Hotels & Resorts by 186.1% during the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after buying an additional 1,537 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on HST shares. UBS Group reduced their target price on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Truist Financial raised their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Raymond James raised their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Barclays raised their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.29.
View Our Latest Research Report on Host Hotels & Resorts
Insider Activity
In other news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the transaction, the director now owns 64,457 shares in the company, valued at approximately $1,201,478.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares in the company, valued at approximately $1,201,478.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Host Hotels & Resorts Stock Down 1.4 %
HST stock opened at $18.15 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.61 and a beta of 1.32. The company has a 50 day moving average of $19.47 and a two-hundred day moving average of $19.26.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 EPS. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 2.01 earnings per share for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.41%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.
Host Hotels & Resorts 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.
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