OVERSEA CHINESE BANKING Corp Ltd Trims Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,140 shares of the company's stock after selling 52,388 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Host Hotels & Resorts were worth $6,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HST. US Bancorp DE raised its holdings in shares of Host Hotels & Resorts by 2.5% in the 1st quarter. US Bancorp DE now owns 44,045 shares of the company's stock worth $856,000 after acquiring an additional 1,066 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter worth about $215,000. Cetera Advisor Networks LLC raised its holdings in shares of Host Hotels & Resorts by 7.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company's stock worth $285,000 after acquiring an additional 1,034 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter worth about $624,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Host Hotels & Resorts by 82.0% in the 1st quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company's stock worth $1,656,000 after acquiring an additional 38,385 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HST shares. Barclays upped their target price on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an "overweight" rating in a report on Friday, March 15th. UBS Group lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a "neutral" rating on the stock in a report on Friday. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a "hold" rating in a research note on Thursday, March 14th. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an "overweight" rating in a research note on Thursday, March 21st. Finally, Raymond James increased their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, March 15th. One investment 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 presently has an average rating of "Moderate Buy" and an average target price of $21.33.

Insider Activity

In other news, CEO James F. Risoleo sold 28,136 shares of the firm's stock in a transaction 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 sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.30% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded up $0.12 on Friday, reaching $18.71. 3,946,711 shares of the company traded hands, compared to its average volume of 4,569,976. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a 50 day moving average of $20.29 and a 200 day moving average of $18.81. The firm has a market capitalization of $13.16 billion, a PE ratio of 17.99, a PEG ratio of 1.66 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29.

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

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.28%. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. Host Hotels & Resorts's dividend payout ratio (DPR) is 76.92%.

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.