Knights of Columbus Asset Advisors LLC Sells 36,324 Shares of Host Hotels & Resorts, Inc. $HST

Knights of Columbus Asset Advisors LLC cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,391 shares of the company’s stock after selling 36,324 shares during the quarter. Knights of Columbus Asset Advisors LLC owned approximately 0.06% of Host Hotels & Resorts worth $8,495,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Host Hotels & Resorts during the 2nd quarter valued at about $2,096,191,000. Deutsche Bank AG bought a new stake in Host Hotels & Resorts in the 2nd quarter worth approximately $296,560,000. Bank of America Corp DE purchased a new stake in Host Hotels & Resorts during the 2nd quarter valued at $295,807,000. Bank of New York Mellon Corp purchased a new stake in Host Hotels & Resorts during the 2nd quarter valued at $143,770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Host Hotels & Resorts by 16,183.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,323,184 shares of the company’s stock valued at $126,213,000 after buying an additional 5,290,493 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In related news, Director Mary Baglivo sold 2,466 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $25.35, for a total value of $62,513.10. Following the transaction, the director directly owned 2 shares of the company’s stock, valued at approximately $50.70. This trade represents a 99.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nathan Tyrrell sold 50,000 shares of the firm’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $25.34, for a total value of $1,267,000.00. Following the completion of the transaction, the executive vice president directly owned 563,907 shares in the company, valued at approximately $14,289,403.38. This represents a 8.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 224,174 shares of company stock worth $5,472,826 in the last three months. Corporate insiders own 1.50% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $25.93 on Wednesday. The company’s 50 day moving average is $23.35 and its 200 day moving average is $22.15. The company has a current ratio of 5.79, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The company has a market cap of $17.77 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 3.43 and a beta of 1.09. Host Hotels & Resorts, Inc. has a 12-month low of $16.77 and a 12-month high of $26.19.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.33%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 58.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Barclays lifted their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Truist Financial increased their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Evercore set a $26.00 target price on Host Hotels & Resorts in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $25.55.

Trending Headlines about Host Hotels & Resorts

Here are the key news stories impacting Host Hotels & Resorts this week:

• Positive Sentiment: Zacks describes HST as a strong momentum stock, which may attract investors focused on recent price trends. Read the Zacks article
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $24 to $27 but kept a neutral rating, signaling improved valuation expectations without an outright bullish recommendation.
• Neutral Sentiment: A report listed short interest at zero shares, indicating no reported short position to suggest meaningful short-covering demand; the figure may be subject to reporting limitations.
• Negative Sentiment: Several insiders reported selling shares. Director Mary Baglivo sold nearly all of her direct holdings, while EVP Sourav Ghosh and EVP Nathan Tyrrell also reduced their positions. Such sales can weigh on sentiment, although both executives retained substantial shareholdings. Read the insider-sale report

About Host Hotels & Resorts

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.