Nisa Investment Advisors LLC Reduces Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nisa Investment Advisors LLC lowered its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 22.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,011 shares of the company's stock after selling 100,841 shares during the period. Nisa Investment Advisors LLC's holdings in Host Hotels & Resorts were worth $6,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Parkside Financial Bank & Trust grew 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 acquiring an additional 639 shares during the last quarter. Panagora Asset Management Inc. grew its position in Host Hotels & Resorts by 1.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company's stock valued at $1,086,000 after purchasing an additional 658 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in Host Hotels & Resorts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 279,681 shares of the company's stock valued at $4,494,000 after purchasing an additional 715 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in Host Hotels & Resorts by 66.2% in the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company's stock worth $31,000 after buying an additional 745 shares during the last quarter. Finally, Advisor Partners II LLC raised its holdings in Host Hotels & Resorts by 2.9% in the fourth quarter. Advisor Partners II LLC now owns 26,267 shares of the company's stock worth $422,000 after buying an additional 749 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Insider Activity

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares of the company's stock, valued at $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.14% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ HST traded up $0.21 during trading hours on Thursday, hitting $20.35. 4,132,388 shares of the company's stock traded hands, compared to its average volume of 6,052,750. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The firm has a market capitalization of $14.32 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.83 and a beta of 1.31. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The business's fifty day moving average price is $20.32 and its two-hundred day moving average price is $18.66.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.44 EPS. The company's revenue was up 4.8% on a year-over-year basis. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.93%. This is an increase from Host Hotels & Resorts's previous quarterly dividend of $0.18. Host Hotels & Resorts's dividend payout ratio (DPR) is 76.92%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HST. Bank of America raised shares of Host Hotels & Resorts from an "underperform" rating to a "buy" rating and raised their price target for the company from $18.00 to $23.00 in a research report on Monday, January 8th. Wells Fargo & Company boosted 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. Barclays increased their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an "overweight" rating in a research report on Friday, March 15th. Oppenheimer boosted their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. Finally, JPMorgan Chase & Co. upgraded shares of Host Hotels & Resorts from an "underweight" rating to a "neutral" rating and set a $15.00 target price on the stock in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $21.20.

Host Hotels & Resorts 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.