Sequoia Financial Advisors LLC Invests $291,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sequoia Financial Advisors LLC bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, Holdings Channel.com reports. The fund bought 14,962 shares of the company’s stock, valued at approximately $291,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Host Hotels & Resorts during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. lifted its stake in shares of Host Hotels & Resorts by 1,921.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after purchasing an additional 1,249 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares in the last quarter. Belpointe Asset Management LLC grew its stake in Host Hotels & Resorts by 66.2% during the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares during the period. Finally, NBC Securities Inc. bought a new stake in Host Hotels & Resorts in the third quarter worth approximately $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $18.71 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a 50-day moving average of $20.29 and a 200-day moving average of $18.79. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a market cap of $13.16 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.67 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm 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%. Host Hotels & Resorts’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.97 EPS 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 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 dividend yield of 4.28%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

Several brokerages have recently commented on HST. Jefferies Financial Group raised their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Raymond James lifted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus increased 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. UBS Group decreased their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Truist Financial increased their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Insider Transactions at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

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.