Victory Capital Management Inc. reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 60.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 824,427 shares of the company’s stock after selling 1,271,339 shares during the quarter. Victory Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $14,032,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Advisors LLC lifted its holdings in shares of Host Hotels & Resorts by 79.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after buying an additional 786 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Host Hotels & Resorts during the second quarter valued at $29,000. Hantz Financial Services Inc. raised its holdings in shares of Host Hotels & Resorts by 234.1% in the third quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,339 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Host Hotels & Resorts in the third quarter worth about $34,000. Finally, MUFG Securities EMEA plc bought a new position in Host Hotels & Resorts during the 2nd quarter worth about $32,000. 98.52% of the stock is owned by institutional investors.
Host Hotels & Resorts Stock Up 0.5%
NASDAQ:HST opened at $19.25 on Wednesday. The company’s 50-day simple moving average is $19.07 and its 200-day simple moving average is $17.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.59 and a current ratio of 2.59. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $21.00. The stock has a market capitalization of $13.24 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.22 and a beta of 1.13.
Host Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.2%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 72.73%.
Insider Buying and Selling at Host Hotels & Resorts
In related news, EVP Nathan S. Tyrrell sold 9,086 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $18.47, for a total transaction of $167,818.42. Following the transaction, the executive vice president directly owned 659,841 shares in the company, valued at $12,187,263.27. The trade was a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Morgan Stanley set a $18.00 target price on shares of Host Hotels & Resorts in a research report on Friday, January 16th. Truist Financial upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Cantor Fitzgerald upped their target price on Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Finally, Evercore cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price on the stock. in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.
Read Our Latest Stock Report on HST
About Host Hotels & Resorts
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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