Allspring Global Investments Holdings LLC grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 599,069 shares of the company’s stock after purchasing an additional 25,041 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of Host Hotels & Resorts worth $11,442,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in HST. SJS Investment Consulting Inc. increased its stake in Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock worth $31,000 after acquiring an additional 641 shares during the period. Zions Bancorporation National Association UT lifted its position in shares of Host Hotels & Resorts by 89.1% during the 4th quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock valued at $29,000 after acquiring an additional 781 shares during the period. Cedar Mountain Advisors LLC bought a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $35,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Host Hotels & Resorts stock opened at $24.50 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 7.91 and a current ratio of 7.91. Host Hotels & Resorts, Inc. has a 52 week low of $15.11 and a 52 week high of $25.41. The stock has a market capitalization of $16.78 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock has a fifty day moving average of $23.70 and a 200-day moving average of $21.04.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.20 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 54.42%.
Insiders Place Their Bets
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction of $358,087.00. Following the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
HST has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday. LADENBURG THALM/SH SH upped their price objective on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Argus set a $27.00 price objective on shares of Host Hotels & Resorts in a research note on Wednesday, June 17th. Citigroup raised their target price on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Barclays boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.20.
Check Out Our Latest Stock Report on HST
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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