Patton Albertson Miller Group LLC Buys 46,346 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Patton Albertson Miller Group LLC grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 192,769 shares of the company's stock after buying an additional 46,346 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Host Hotels & Resorts were worth $3,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Wellington Management Group LLP boosted its holdings in Host Hotels & Resorts by 15.4% in the third 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Host Hotels & Resorts by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company's stock worth $358,576,000 after acquiring an additional 310,079 shares during the period. Northern Trust Corp increased its position in Host Hotels & Resorts by 3.7% during the third quarter. Northern Trust Corp now owns 12,142,399 shares of the company's stock valued at $195,128,000 after acquiring an additional 438,014 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company's stock valued at $190,807,000 after acquiring an additional 164,334 shares during the period. Finally, LSV Asset Management boosted its position in Host Hotels & Resorts by 16.9% in the fourth quarter. LSV Asset Management now owns 7,459,400 shares of the company's stock worth $145,235,000 after purchasing an additional 1,078,123 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Insider Transactions at Host Hotels & Resorts

In related 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 value of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares of the company's stock, valued at $46,826,140.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HST. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. 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 research note on Wednesday, January 24th. UBS Group lowered their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a "neutral" rating on the stock in a research report on Friday, April 19th. Truist Financial upped their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "hold" rating in a research report on Thursday, March 14th. Finally, Raymond James increased their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $21.29.

Host Hotels & Resorts Price Performance

Shares of HST traded down $0.08 during mid-day trading on Friday, hitting $18.34. 7,361,402 shares of the company were exchanged, compared to its average volume of 6,075,193. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.29 and a current ratio of 6.66. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The stock has a market cap of $12.90 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. The company has a 50 day moving average of $19.96 and a 200-day moving average of $19.07.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the business earned $0.44 EPS. The business's revenue was up 4.8% compared to the same quarter last year. Analysts expect that Host Hotels & Resorts, Inc. will post 2 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts's dividend payout ratio is 78.43%.

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.

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