Royal London Asset Management Ltd. Acquires 12,547 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Royal London Asset Management Ltd. grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,157 shares of the company’s stock after purchasing an additional 12,547 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Host Hotels & Resorts were worth $6,448,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HST. American International Group Inc. increased its position in shares of Host Hotels & Resorts by 1.0% during the 4th quarter. American International Group Inc. now owns 190,057 shares of the company’s stock valued at $3,700,000 after purchasing an additional 1,802 shares during the last quarter. Aurora Investment Counsel lifted its holdings in Host Hotels & Resorts by 2.9% during the 4th quarter. Aurora Investment Counsel now owns 48,645 shares of the company’s stock worth $947,000 after purchasing an additional 1,370 shares in the last quarter. GRS Advisors LLC grew its stake in Host Hotels & Resorts by 16.9% during the fourth quarter. GRS Advisors LLC now owns 1,135,013 shares of the company’s stock valued at $22,099,000 after acquiring an additional 164,372 shares in the last quarter. Gillson Capital LP purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $9,344,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $567,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HST has been the subject of several research analyst reports. Barclays dropped their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. UBS Group lowered their price objective 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. Wedbush reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. Raymond James increased their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, Truist Financial reduced their price target on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.36.

Insider Activity

In other news, Director Walter C. Rakowich sold 3,896 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the sale, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts 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 sale, the chief executive officer now 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 accessible through this hyperlink. Also, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Stock Down 2.6 %

Shares of Host Hotels & Resorts stock traded down $0.48 on Friday, reaching $17.82. The stock had a trading volume of 5,098,967 shares, compared to its average volume of 5,911,947. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $12.56 billion, a P/E ratio of 17.47, a P/E/G ratio of 1.60 and a beta of 1.31. The company has a 50 day moving average price of $18.66 and a 200 day moving average price of $19.38. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 year high of $21.31.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, June 28th. Host Hotels & Resorts’s payout ratio is presently 78.43%.

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.