Host Hotels & Resorts Investment Holdings AdjustedHost Hotels & Resorts Investment Holdings Adjusted According to recente SEC filings, Oppenheimer Asset Management Inc. reduced its holdings in Host Hotels & Resorts by 8.7% in the first quarter. Other Institutional Investors’ Activity * Czech National Bank increased its stake by 0.5% * Legacy Wealth Asset Management LLC increased its stake by 3.8% * Cornercap Investment Counsel Inc. increased its stake by 0.7% * Eagle Strategies LLC increased its stake by 2.9% * Gulf International Bank UK Ltd increased its stake by 16.3% Shareholder Distribution * Hedge funds and institutional investors hold 98.52% of shares Financial Performance * Shares opened at $18.86 on Thursday * 50-day moving average: $18.10 * 200-day moving average: $19.26 * 52-week range: $14.92-$21.31 * Market cap: $13.30 billion * Price/earnings ratio: 18.49 * PEG ratio: 1.62 * Beta: 1.33 Dividend * Quarterly dividend declared: $0.20 * Ex-dividend date: June 28 * Annualized dividend yield: 4.24% Analyst Ratings * Wedbush: Outperform, $22.00 target * Wells Fargo: Overweight, $23.00 target * Barclays: Overweight, $24.00 target * Truist Financial: Hold, $23.00 target * UBS Group: Neutral, $20.00 target * Consensus rating: Moderate Buy * Average price target: $21.36 Insider Transactions * CEO Walter C. Rakowich sold 3,896 shares at $72,621.44 * Insiders hold 1.30% of shares Company Overview Host Hotels & Resorts, Inc. owns 72 properties in the US and five internationally, totaling approximately 42,000 rooms.
Oppenheimer Asset Management Inc. reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 8.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The company owned 14,396 shares of the company’s stock after selling 1,375 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $298,000, according to its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Czech National Bank increased its position in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after purchasing an additional 569 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after purchasing an additional 579 shares in the last quarter. Cornercap Investment Counsel Inc. increased its position in Host Hotels & Resorts by 0.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock worth $1,613,000 after purchasing an additional 610 shares in the last quarter. Eagle Strategies LLC increased its position in Host Hotels & Resorts by 2.9% in the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock worth $420,000 after purchasing an additional 617 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Host Hotels & Resorts by 16.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after purchasing an additional 627 shares in the last quarter. 98.52% of the shares are held by hedge funds and other institutional investors.
Host Hotels & Resorts Price Performance
Shares of NASDAQ:HST opened at $18.86 on Thursday. The company’s 50-day moving average is $18.10 and its 200-day moving average is $19.26. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The company has a market cap of $13.30 billion, a price/earnings ratio of 18.49, a PEG ratio of 1.62 and a beta of 1.33. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67.
Host Hotels & Resorts announces dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.20. The ex-dividend date for this dividend was Friday, June 28th. This represents an annualized dividend of $0.80 and a dividend yield of 4.24%. Host Hotels & Resorts’ payout ratio is currently 78.43%.
Changes in analyst ratings
A number of equities research analysts have recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. 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. Barclays lowered their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, UBS Group lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. One equities analyst has rated the stock with a sell rating, four have assigned a hold rating, and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the firm has an average rating of “Moderate Buy” and an average price target of $21.36.
Check out our latest analysis on HST
Insider Buying and Selling at Host Hotels & Resorts
In other Host Hotels & Resorts news, CEO Walter C. Rakowich sold 3,896 shares of the company’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 sale, the CEO now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available on the SEC website. 1.30% of the shares are held by company insiders.
Host Hotels & Resorts Company 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 with a total of approximately 42,000 rooms.
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