Applied Finance Capital Management LLC Boosts Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Applied Finance Capital Management LLC increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,367,256 shares of the company's stock after purchasing an additional 137,480 shares during the period. Host Hotels & Resorts accounts for approximately 2.3% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Applied Finance Capital Management LLC owned approximately 0.19% of Host Hotels & Resorts worth $26,620,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HST. Atlantic Edge Private Wealth Management LLC acquired a new stake in Host Hotels & Resorts during the 4th quarter worth $1,214,000. Panagora Asset Management Inc. boosted its position in Host Hotels & Resorts by 33.0% during the fourth quarter. Panagora Asset Management Inc. now owns 89,811 shares of the company's stock worth $1,749,000 after acquiring an additional 22,261 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Host Hotels & Resorts by 57.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 37,561 shares of the company's stock valued at $731,000 after acquiring an additional 13,761 shares in the last quarter. Lmcg Investments LLC raised its holdings in Host Hotels & Resorts by 43.8% in the 4th quarter. Lmcg Investments LLC now owns 78,122 shares of the company's stock valued at $1,521,000 after acquiring an additional 23,780 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Host Hotels & Resorts by 9.8% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,147,713 shares of the company's stock worth $22,449,000 after purchasing an additional 102,018 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the company's stock in a transaction dated Thursday, March 21st. The stock was 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 shares were sold at an average price of $21.04, for a total value of $591,981.44. Following 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Walter C. Rakowich sold 3,896 shares of the firm's stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the sale, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Host Hotels & Resorts Trading Down 1.8 %

HST traded down $0.33 during mid-day trading on Friday, hitting $18.42. 5,608,881 shares of the stock were exchanged, compared to its average volume of 6,212,251. The firm's fifty day moving average is $19.67 and its two-hundred day moving average is $19.22. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a market cap of $12.99 billion, a PE ratio of 18.06, a PEG ratio of 1.64 and a beta of 1.32. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted 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). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $0.44 EPS. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 2.01 earnings per share for the current fiscal 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 paid a $0.20 dividend. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Wednesday, March 27th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 78.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group reduced their price objective 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. 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 report on Wednesday, January 24th. Raymond James lifted 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 note on Friday, March 15th. Truist Financial increased their price target 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. Finally, Wells Fargo & Company lifted 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.29.

Host Hotels & Resorts Company 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.