Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,519 shares of the company’s stock after selling 2,129 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Host Hotels & Resorts were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HST. Parkside Financial Bank & Trust boosted its position in Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares during the period. Panagora Asset Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 1.0% during the third quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company’s stock valued at $1,086,000 after acquiring an additional 658 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of Host Hotels & Resorts by 0.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 279,681 shares of the company’s stock worth $4,494,000 after acquiring an additional 715 shares during the last quarter. CWM LLC increased its holdings in shares of Host Hotels & Resorts by 11.7% in the 3rd quarter. CWM LLC now owns 8,160 shares of the company’s stock worth $131,000 after acquiring an additional 854 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 1.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 51,469 shares of the company’s stock worth $827,000 after acquiring an additional 973 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus boosted their target price 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. 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 report on Thursday, March 14th. UBS Group reduced their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Oppenheimer raised their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Barclays upped their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Trading Up 1.5 %

Shares of NASDAQ:HST opened at $19.29 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.67 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a 50 day moving average price of $20.28 and a 200 day moving average price of $18.88.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. Host Hotels & Resorts’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.15%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

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.