Savant Capital LLC Sells 2,372 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Savant Capital LLC reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.7% in the 4th quarter, Holdings Channel reports. The firm owned 17,844 shares of the company’s stock after selling 2,372 shares during the period. Savant Capital LLC’s holdings in Host Hotels & Resorts were worth $347,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in 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 during the period. NBC Securities Inc. acquired a new stake in Host Hotels & Resorts in the 3rd quarter valued at approximately $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Private Trust Co. NA boosted its position in shares of Host Hotels & Resorts by 186.1% in the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after acquiring an additional 1,537 shares during the period. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. UBS Group cut their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Truist Financial lifted their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Barclays raised their target price on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Finally, Raymond James boosted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $21.29.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $18.65 on Monday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.64 and a beta of 1.32. The company has a current ratio of 6.66, a quick ratio of 3.29 and a debt-to-equity ratio of 0.67. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a 50 day moving average of $20.11 and a 200-day moving average of $19.03.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 2 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. This is a positive change 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 presently 78.43%.

Insider Activity

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Host Hotels & Resorts 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.