Cookson Peirce & Co. Inc. Has $653,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cookson Peirce & Co. Inc. raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 33,550 shares of the company’s stock after acquiring an additional 2,547 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Host Hotels & Resorts were worth $653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE raised its position in shares of Host Hotels & Resorts by 2.5% in the 1st quarter. US Bancorp DE now owns 44,045 shares of the company’s stock valued at $856,000 after buying an additional 1,066 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $215,000. Cetera Advisor Networks LLC raised its position in shares of Host Hotels & Resorts by 7.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock valued at $285,000 after buying an additional 1,034 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $624,000. Finally, Panagora Asset Management Inc. raised its position in shares of Host Hotels & Resorts by 82.0% in the 1st quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock valued at $1,656,000 after buying an additional 38,385 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Down 2.5 %

Shares of NASDAQ HST opened at $19.08 on Wednesday. The firm has a market cap of $13.42 billion, a PE ratio of 18.35, a P/E/G ratio of 1.74 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company’s fifty day simple moving average is $20.33 and its 200 day simple moving average is $18.77. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.98 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 4.19%. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

Insider Buying and Selling

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HST has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Oppenheimer upped their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Raymond James upped their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, Jefferies Financial Group boosted their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Host Hotels & Resorts Company Profile

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 totaling approximately 42,000 rooms.