Northern Trust Corp Sells 2,239,380 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Northern Trust Corp lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,903,019 shares of the company’s stock after selling 2,239,380 shares during the quarter. Northern Trust Corp owned 1.40% of Host Hotels & Resorts worth $192,812,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Cornercap Investment Counsel Inc. boosted its holdings in Host Hotels & Resorts by 0.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock worth $1,613,000 after acquiring an additional 610 shares in the last quarter. Eagle Strategies LLC raised its stake in shares of Host Hotels & Resorts by 2.9% in the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock worth $420,000 after purchasing an additional 617 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Host Hotels & Resorts by 57.5% in the third 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. Amalgamated Bank raised its position in Host Hotels & Resorts by 0.3% during the fourth quarter. Amalgamated Bank now owns 238,115 shares of the company’s stock valued at $4,636,000 after acquiring an additional 662 shares in the last quarter. Finally, Brown Advisory Inc. raised its position in Host Hotels & Resorts by 6.6% during the fourth quarter. Brown Advisory Inc. now owns 12,566 shares of the company’s stock valued at $245,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Truist Financial cut their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. UBS Group lowered their price target on 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. Raymond James lifted their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Barclays lowered their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.36.

View Our Latest Report on HST

Host Hotels & Resorts Price Performance

HST stock opened at $17.81 on Monday. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $12.56 billion, a PE ratio of 17.46, a P/E/G ratio of 1.56 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The business’s fifty day moving average price is $18.88 and its 200 day moving average price is $19.38.

Host Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Insider Activity at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the business’s 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 sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the sale, the director now owns 64,457 shares in the company, valued at approximately $1,201,478.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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