Private Client Services LLC Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Private Client Services LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 38,717 shares of the company's stock, valued at approximately $754,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Host Hotels & Resorts by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company's stock valued at $2,260,281,000 after acquiring an additional 1,379,330 shares during the period. Wellington Management Group LLP lifted its holdings in Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company's stock worth $807,923,000 after purchasing an additional 6,719,578 shares in the last quarter. State Street Corp lifted its holdings in Host Hotels & Resorts by 7.1% in the 1st quarter. State Street Corp now owns 49,154,706 shares of the company's stock worth $956,516,000 after purchasing an additional 3,240,590 shares in the last quarter. Norges Bank purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $410,211,000. Finally, JPMorgan Chase & Co. lifted its holdings in Host Hotels & Resorts by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company's stock worth $358,576,000 after purchasing an additional 310,079 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares of the company's stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Truist Financial upped their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Thursday, March 14th. Stifel Nicolaus upped their price objective on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 24th. Bank of America raised Host Hotels & Resorts from an "underperform" rating to a "buy" rating and upped their price objective for the stock from $18.00 to $23.00 in a report on Monday, January 8th. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. Finally, Jefferies Financial Group upped their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. One research 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.20.

Host Hotels & Resorts Trading Down 2.2 %

NASDAQ HST traded down $0.43 on Monday, reaching $19.57. 5,498,326 shares of the company were exchanged, compared to its average volume of 6,010,935. The business's fifty day moving average price is $20.34 and its 200 day moving average price is $18.75. The stock has a market capitalization of $13.77 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 1.78 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. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. Host Hotels & Resorts's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.98 earnings per share 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. Shareholders of record on Thursday, March 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, March 27th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 76.92%.

About Host Hotels & Resorts

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.