International Assets Investment Management LLC Buys New Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST)

International Assets Investment Management LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 22,605 shares of the company’s stock, valued at approximately $440,000.

A number of other hedge funds also recently made changes to their positions in HST. Wellington Management Group LLP raised its stake in shares of Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after buying an additional 6,719,578 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Host Hotels & Resorts in the 3rd quarter valued at $28,456,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Host Hotels & Resorts by 36.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 5,971,513 shares of the company’s stock valued at $95,963,000 after buying an additional 1,582,874 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Host Hotels & Resorts by 105.2% in the 3rd quarter. American Century Companies Inc. now owns 2,884,347 shares of the company’s stock valued at $46,351,000 after buying an additional 1,478,591 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Host Hotels & Resorts by 34.1% in the 3rd quarter. Hsbc Holdings PLC now owns 3,475,261 shares of the company’s stock valued at $55,835,000 after buying an additional 883,543 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the company’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 transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HST. Oppenheimer upped their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Stifel Nicolaus upped their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Truist Financial upped their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Jefferies Financial Group upped 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. Finally, UBS Group lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Stock Down 2.3 %

Shares of NASDAQ:HST opened at $18.89 on Friday. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The company’s 50-day moving average price is $20.25 and its two-hundred day moving average price is $18.88. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.29 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.72 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, 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. Shareholders 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 an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 4.24%. Host Hotels & Resorts’s dividend payout ratio is presently 76.92%.

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.