Allspring Global Investments Holdings LLC Buys 184,369 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allspring Global Investments Holdings LLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 39.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 649,672 shares of the company’s stock after acquiring an additional 184,369 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.09% of Host Hotels & Resorts worth $13,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Baker Ellis Asset Management LLC increased its stake in shares of Host Hotels & Resorts by 5.4% in the 1st quarter. Baker Ellis Asset Management LLC now owns 52,682 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,700 shares during the last quarter. Occidental Asset Management LLC bought a new stake in Host Hotels & Resorts during the 1st quarter worth approximately $2,761,000. Vert Asset Management LLC increased its stake in Host Hotels & Resorts by 9.6% during the 1st quarter. Vert Asset Management LLC now owns 292,175 shares of the company’s stock worth $6,042,000 after purchasing an additional 25,577 shares in the last quarter. S.A. Mason LLC increased its stake in Host Hotels & Resorts by 172.5% during the 1st quarter. S.A. Mason LLC now owns 3,079 shares of the company’s stock worth $64,000 after purchasing an additional 1,949 shares in the last quarter. Finally, Atlas Capital Advisors LLC increased its stake in Host Hotels & Resorts by 59,276.9% during the 1st quarter. Atlas Capital Advisors LLC now owns 15,438 shares of the company’s stock worth $319,000 after purchasing an additional 15,412 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.48 on Monday. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. 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 firm has a fifty day simple moving average of $18.19 and a 200 day simple moving average of $19.35. The stock has a market capitalization of $12.32 billion, a PE ratio of 17.14, a P/E/G ratio of 1.53 and a beta of 1.33.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HST. Wedbush reissued an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Wells Fargo & Company increased their target price 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. Barclays lowered their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Raymond James raised 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.36.

Check Out Our Latest Research Report on HST

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.

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

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