Golden State Equity Partners Cuts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Golden State Equity Partners lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,632 shares of the company’s stock after selling 2,048 shares during the period. Golden State Equity Partners’ holdings in Host Hotels & Resorts were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its stake 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 purchasing an additional 639 shares in the last quarter. NBC Securities Inc. acquired a new stake in Host Hotels & Resorts in the 3rd quarter worth approximately $35,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Finally, Private Trust Co. NA boosted its stake in Host Hotels & Resorts by 186.1% in the 4th 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. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial lifted their price objective 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. Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $23.00 in a research note on Monday, January 8th. Stifel Nicolaus boosted their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Barclays boosted their target price on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Insider Transactions at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the sale, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Trading Down 0.2 %

Shares of HST traded down $0.03 during mid-day trading on Friday, reaching $18.86. The stock had a trading volume of 3,952,161 shares, compared to its average volume of 4,460,994. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. 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 $20.24 and its 200 day moving average is $18.90. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 18.13, a P/E/G ratio of 1.68 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.44 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.97 EPS 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 given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Wednesday, March 27th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

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.