Principal Securities Inc. bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,685 shares of the company’s stock, valued at approximately $150,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Host Hotels & Resorts by 15.4% in the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after buying an additional 6,719,578 shares during the period. PGGM Investments acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $57,664,000. Miller Howard Investments Inc. NY bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $38,873,000. QRG Capital Management Inc. acquired a new position in shares of Host Hotels & Resorts in the third quarter valued at $28,456,000. Finally, National Bank of Canada FI lifted its position in Host Hotels & Resorts by 301.3% in the fourth quarter. National Bank of Canada FI now owns 2,128,173 shares of the company’s stock worth $41,925,000 after purchasing an additional 1,597,876 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Trading Down 1.8 %
Shares of HST opened at $18.42 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The business’s fifty day moving average is $19.67 and its 200-day moving average is $19.24.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued 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). Host Hotels & Resorts had a return on equity of 10.59% and a net margin of 13.35%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business posted $0.44 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 2.01 EPS for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.
Analysts Set New Price Targets
A number of research firms recently weighed in on HST. Truist Financial upped their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. UBS Group dropped their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Barclays boosted their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Raymond James increased their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus lifted their price objective on Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.
Check Out Our Latest Research Report on HST
Insiders Place Their Bets
In other news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 64,457 shares of the company’s stock, 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 this hyperlink. In other news, 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 value of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by insiders.
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.
See Also
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