BI Asset Management Fondsmaeglerselskab A S trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 246,713 shares of the company’s stock after selling 40,501 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Host Hotels & Resorts were worth $4,727,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in HST. CYBER HORNET ETFs LLC purchased a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $29,000. Zions Bancorporation National Association UT lifted its holdings in shares of Host Hotels & Resorts by 89.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock valued at $29,000 after purchasing an additional 781 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of Host Hotels & Resorts by 79.6% in the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after buying an additional 786 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth $32,000. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Host Hotels & Resorts in the third quarter worth $40,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Trading Up 0.5%
NASDAQ HST opened at $25.13 on Tuesday. Host Hotels & Resorts, Inc. has a 1-year low of $15.11 and a 1-year high of $25.41. The company has a current ratio of 7.91, a quick ratio of 7.91 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $17.21 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The firm’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $20.15.
Host Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is currently 54.42%.
Analyst Ratings Changes
Several research analysts recently weighed in on HST shares. Cantor Fitzgerald upped their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. Morgan Stanley lifted their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Barclays upped their target price on Host Hotels & Resorts from $20.00 to $23.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. BMO Capital Markets reissued an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Finally, Truist Financial raised their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.95.
Check Out Our Latest Stock Analysis on HST
Insider Activity
In related news, EVP Nathan S. Tyrrell sold 15,569 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total value of $358,087.00. Following the completion of the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.
Host Hotels & Resorts Company Profile
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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Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report).
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