Federated Hermes Inc. Has $818,000 Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Federated Hermes Inc. raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,992 shares of the company’s stock after purchasing an additional 1,351 shares during the quarter. Federated Hermes Inc.’s holdings in Host Hotels & Resorts were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CVA Family Office LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after acquiring an additional 639 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Finally, Private Trust Co. NA boosted its holdings in shares of Host Hotels & Resorts by 186.1% in the 4th 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HST. Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $23.00 in a report on Monday, January 8th. Barclays upped their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Raymond James upped their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Oppenheimer upped their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.33.

Host Hotels & Resorts Price Performance

HST opened at $18.84 on Thursday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The company has a fifty day simple moving average of $20.21 and a 200 day simple moving average of $18.98. The stock has a market cap of $13.26 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.71 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last released 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). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Host Hotels & Resorts’s quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.25%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the 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 completion of the transaction, 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 available through the SEC website. 1.30% of the stock is owned by corporate insiders.

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.