Truist Financial Corp Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Truist Financial Corp grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 131.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,661 shares of the company's stock after buying an additional 49,729 shares during the period. Truist Financial Corp's holdings in Host Hotels & Resorts were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HST. CVA Family Office LLC bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $26,000. Parkside Financial Bank & Trust grew its position in shares of Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company's stock worth $28,000 after buying an additional 639 shares during the period. NBC Securities Inc. bought a new stake in shares of Host Hotels & Resorts in the 3rd quarter valued at $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter valued at $40,000. Finally, Private Trust Co. NA boosted its stake in Host Hotels & Resorts by 186.1% during the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company's stock worth $46,000 after acquiring an additional 1,537 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

HST stock traded down $0.08 during midday trading on Friday, reaching $18.34. 7,459,661 shares of the company's stock traded hands, compared to its average volume of 6,084,578. The firm has a market capitalization of $12.93 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. The company has a 50-day moving average price of $19.90 and a two-hundred day moving average price of $19.09. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. 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 (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 return on equity of 10.59% and a net margin of 13.35%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period last year, the company posted $0.44 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 2.02 EPS for the current year.

Host Hotels & Resorts Increases Dividend

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

Insider Activity

In related news, CEO James F. Risoleo sold 28,136 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.