Strs Ohio lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 2.6% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,096,778 shares of the company’s stock after selling 29,125 shares during the period. Strs Ohio owned 0.16% of Host Hotels & Resorts worth $21,014,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in HST. Empowered Funds LLC raised its position in shares of Host Hotels & Resorts by 2.7% in the fourth quarter. Empowered Funds LLC now owns 20,218 shares of the company’s stock valued at $358,000 after buying an additional 537 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Host Hotels & Resorts by 1.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,581 shares of the company’s stock worth $595,000 after acquiring an additional 607 shares during the last quarter. Huntington National Bank boosted its position in Host Hotels & Resorts by 12.3% during the fourth quarter. Huntington National Bank now owns 5,560 shares of the company’s stock worth $99,000 after acquiring an additional 609 shares during the last quarter. SJS Investment Consulting Inc. grew its stake in Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock valued at $31,000 after acquiring an additional 641 shares in the last quarter. Finally, Wealthfront Advisers LLC grew its stake in Host Hotels & Resorts by 2.2% during the 4th quarter. Wealthfront Advisers LLC now owns 29,829 shares of the company’s stock valued at $529,000 after acquiring an additional 654 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Performance
NASDAQ:HST opened at $23.35 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 7.91 and a quick ratio of 7.91. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 2.64 and a beta of 1.09. The company’s 50-day moving average is $23.13 and its two-hundred day moving average is $20.55. Host Hotels & Resorts, Inc. has a 1-year low of $15.11 and a 1-year high of $25.41.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is currently 54.42%.
Insider Transactions at Host Hotels & Resorts
In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was 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 directly owned 697,658 shares in the company, valued at $15,348,476. This trade represents a 7.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on HST. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. BMO Capital Markets restated an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Morgan Stanley increased their price target on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Raymond James Financial reissued an “outperform” rating and set a $27.00 price objective on shares of Host Hotels & Resorts in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.95.
Check Out Our Latest Report on Host Hotels & Resorts
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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