Vanguard Personalized Indexing Management LLC increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 57.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,561 shares of the company’s stock after buying an additional 13,761 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Host Hotels & Resorts were worth $731,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. CVA Family Office LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after acquiring an additional 639 shares during the last quarter. NBC Securities Inc. bought a new stake in Host Hotels & Resorts in the 3rd quarter valued at about $35,000. Turtle Creek Wealth Advisors LLC bought a new position in Host Hotels & Resorts during the fourth quarter worth about $40,000. Finally, Private Trust Co. NA increased its stake in shares of Host Hotels & Resorts by 186.1% in the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after purchasing an additional 1,537 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.
Insider Activity at Host Hotels & Resorts
In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. Raymond James lifted their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Barclays increased their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. UBS Group reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Stifel Nicolaus increased their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.29.
View Our Latest Research Report on Host Hotels & Resorts
Host Hotels & Resorts Price Performance
Shares of HST stock opened at $18.41 on Thursday. 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 stock has a market cap of $12.98 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 1.61 and a beta of 1.32. The business’s fifty day moving average is $19.52 and its 200 day moving average is $19.26. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31.
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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.44 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that Host Hotels & Resorts, Inc. will post 2.01 EPS for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The company 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. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.35%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.
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.
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