Victory Capital Management Inc. Has $33.30 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Victory Capital Management Inc. raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,710,175 shares of the company’s stock after purchasing an additional 120,555 shares during the quarter. Victory Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $33,297,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its stake 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 worth $28,000 after purchasing an additional 639 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth $40,000. NBC Securities Inc. acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter worth $35,000. Finally, Private Trust Co. NA increased its stake in shares of Host Hotels & Resorts by 186.1% during the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HST shares. Raymond James increased their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus increased their price target on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. UBS Group dropped their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Truist Financial upped their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.

Insider Transactions at Host Hotels & Resorts

In other 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 transaction, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.30% of the stock is owned by insiders.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $18.77 on Tuesday. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 3.29. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The firm has a fifty day moving average price of $20.11 and a two-hundred day moving average price of $19.03. The company has a market cap of $13.21 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results 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). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.44 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Host Hotels & Resorts, Inc. will post 2 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.26%. This is an increase 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 (DPR) is presently 78.43%.

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.