Chicago Partners Investment Group LLC raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 139.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,875 shares of the company’s stock after buying an additional 22,626 shares during the period. Chicago Partners Investment Group LLC’s holdings in Host Hotels & Resorts were worth $811,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of HST. Waterloo Capital L.P. boosted its position in Host Hotels & Resorts by 543.6% in the fourth quarter. Waterloo Capital L.P. now owns 166,859 shares of the company’s stock worth $2,958,000 after purchasing an additional 140,932 shares during the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $23,632,000. Convergence Investment Partners LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $843,000. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Host Hotels & Resorts by 139.2% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 141,640 shares of the company’s stock valued at $2,511,000 after purchasing an additional 82,420 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Host Hotels & Resorts by 41.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,169,471 shares of the company’s stock worth $38,465,000 after purchasing an additional 639,695 shares during the period. 98.52% of the stock is owned by institutional investors.
Host Hotels & Resorts Trading Down 0.5%
Shares of HST opened at $23.67 on Friday. The firm has a market cap of $16.21 billion, a P/E ratio of 16.10, a price-to-earnings-growth ratio of 2.69 and a beta of 1.09. The company has a debt-to-equity ratio of 0.74, a current ratio of 7.91 and a quick ratio of 7.91. Host Hotels & Resorts, Inc. has a 1 year low of $15.11 and a 1 year high of $25.41. The company has a 50 day simple moving average of $23.51 and a two-hundred day simple moving average of $20.87.
Host Hotels & Resorts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.4%. Host Hotels & Resorts’s payout ratio is presently 54.42%.
Analyst Ratings Changes
A number of research firms recently issued reports on HST. Barclays raised their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. JPMorgan Chase & Co. increased their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH lifted their price target on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Argus set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Finally, Citigroup boosted their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $23.95.
View Our Latest Stock Report on Host Hotels & Resorts
Insider Activity at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 58,579 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the completion of the transaction, the executive vice president owned 697,658 shares of the company’s stock, valued at $15,348,476. This represents a 7.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by company insiders.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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