Strs Ohio lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,096,778 shares of the company’s stock after selling 29,125 shares during the period. Strs Ohio’s holdings in Host Hotels & Resorts were worth $21,014,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of HST. Waterloo Capital L.P. boosted its holdings 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 valued at $2,958,000 after purchasing an additional 140,932 shares during the period. Russell Investments Group Ltd. raised its position in Host Hotels & Resorts by 68.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 7,370,907 shares of the company’s stock valued at $125,454,000 after purchasing an additional 2,999,082 shares in the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $23,632,000. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Host Hotels & Resorts by 1,195.2% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,529,776 shares of the company’s stock valued at $26,037,000 after buying an additional 1,411,665 shares during the period. Finally, Convergence Investment Partners LLC purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at about $843,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of NASDAQ HST opened at $23.35 on Friday. The stock’s 50-day simple moving average is $23.13 and its 200-day simple moving average is $20.55. The firm has a market capitalization of $15.99 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 2.64 and a beta of 1.09. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.11 and a fifty-two week high of $25.41. The company has a debt-to-equity ratio of 0.74, a quick ratio of 7.91 and a current ratio of 7.91.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.4%. Host Hotels & Resorts’s dividend payout ratio is presently 54.42%.
Insider Activity
In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.00, for a total value of $1,288,738.00. Following the transaction, the executive vice president directly owned 697,658 shares of the company’s stock, valued at $15,348,476. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on HST. Stifel Nicolaus set a $26.25 target price on shares of Host Hotels & Resorts in a research note on Thursday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, April 21st. 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 research report on Tuesday, May 26th. Raymond James Financial restated an “outperform” rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a report on Monday, June 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.95.
View Our Latest Research Report on HST
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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