Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,367,256 shares of the company’s stock after acquiring an additional 137,480 shares during the period. Host Hotels & Resorts makes up about 2.3% of Applied Finance Capital Management LLC’s portfolio, making the stock its 13th biggest position. Applied Finance Capital Management LLC owned about 0.19% of Host Hotels & Resorts worth $26,620,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Miller Howard Investments Inc. NY purchased a new stake in Host Hotels & Resorts in the 4th quarter worth $38,873,000. Illinois Municipal Retirement Fund increased its stake in Host Hotels & Resorts by 61.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after purchasing an additional 251,112 shares during the period. Victory Capital Management Inc. increased its stake in Host Hotels & Resorts by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock worth $33,297,000 after purchasing an additional 120,555 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $87,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Host Hotels & Resorts by 18.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock worth $324,000 after buying an additional 3,182 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Down 1.8 %

Shares of NASDAQ HST traded down $0.33 during midday trading on Friday, hitting $18.42. The stock had a trading volume of 5,608,881 shares, compared to its average volume of 6,212,251. The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.64 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year 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 fifty day moving average price of $19.67 and a 200 day moving average price of $19.19.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. On average, analysts predict that Host Hotels & Resorts, Inc. will post 2.01 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 4.34%. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Analyst Ratings Changes

Several brokerages have commented on HST. UBS Group dropped their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Wells Fargo & Company increased their price target 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. Stifel Nicolaus increased 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. Raymond James increased their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.29.

Check Out Our Latest Research Report on HST

Insiders Place Their Bets

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 stock was 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 approximately $46,826,140.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction that occurred 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 directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 3,896 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Host Hotels & Resorts Profile

(Free Report)

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

Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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