Mutual of America Capital Management LLC Reduces Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mutual of America Capital Management LLC lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 122,110 shares of the company’s stock after selling 8,238 shares during the period. Mutual of America Capital Management LLC’s holdings in Host Hotels & Resorts were worth $2,377,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Custom Index Systems LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $267,000. Eagle Strategies LLC boosted its holdings in shares of Host Hotels & Resorts by 2.9% in the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after acquiring an additional 617 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $291,000. Tobam purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $59,000. Finally, Miller Howard Investments Inc. NY purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $38,873,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Oppenheimer upped their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, Bank of America raised shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and upped their price objective for the company from $18.00 to $23.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $18.71 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The company has a fifty day moving average of $20.29 and a two-hundred day moving average of $18.79. The stock has a market capitalization of $13.16 billion, a PE ratio of 17.99, a P/E/G ratio of 1.67 and a beta of 1.31. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. As a group, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio is 76.92%.

Insider Activity

In other news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company’s stock.

About Host Hotels & Resorts

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.