Dockside LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 162,903 shares of the company’s stock, valued at approximately $2,888,000.
Other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation National Association UT lifted its holdings in shares of Host Hotels & Resorts by 89.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock valued at $29,000 after acquiring an additional 781 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $29,000. Clearstead Advisors LLC lifted its holdings in shares of Host Hotels & Resorts by 79.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares during the last quarter. MUFG Securities EMEA plc bought a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $32,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Host Hotels & Resorts by 234.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,339 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Up 2.3%
Shares of NASDAQ HST opened at $24.89 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 company has a market cap of $17.05 billion, a P/E ratio of 16.93, a PEG ratio of 2.82 and a beta of 1.10. Host Hotels & Resorts, Inc. has a 1 year low of $15.07 and a 1 year high of $24.90. The firm has a 50-day simple moving average of $21.84 and a two-hundred day simple moving average of $19.83.
Host Hotels & Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid 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 of this dividend is Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is currently 54.42%.
Insider Buying and Selling at Host Hotels & Resorts
In other news, EVP Nathan S. Tyrrell sold 15,569 shares of Host Hotels & Resorts stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.
Wall Street Analysts Forecast Growth
HST has been the subject of a number of analyst reports. Morgan Stanley increased their price target on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Barclays raised their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Stifel Nicolaus set a $26.25 price objective on shares of Host Hotels & Resorts in a research note on Thursday, June 4th. UBS Group raised their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Argus raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Wednesday, March 18th. One research 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.
Read Our Latest Stock 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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