Truist Financial Corp trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 17.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,792 shares of the company’s stock after selling 6,239 shares during the period. Truist Financial Corp’s holdings in Host Hotels & Resorts were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HST. Desjardins Global Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $40,000. Riverview Trust Co raised its position in shares of Host Hotels & Resorts by 83.6% during the 1st quarter. Riverview Trust Co now owns 2,389 shares of the company’s stock worth $46,000 after purchasing an additional 1,088 shares during the last quarter. CWM LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $48,000. UMB Bank N A MO acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $50,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Host Hotels & Resorts by 80.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,030 shares of the company’s stock worth $52,000 after purchasing an additional 1,350 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HST. Deutsche Bank Aktiengesellschaft lifted their price objective on Host Hotels & Resorts from $23.00 to $26.00 in a research report on Friday, May 6th. Jefferies Financial Group upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their price target for the company from $20.00 to $25.00 in a report on Wednesday, March 30th. Barclays lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, June 1st. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $23.00 price target on shares of Host Hotels & Resorts in a research report on Monday, July 11th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $21.82.

Insider Activity

In other news, Director Walter C. Rakowich sold 3,290 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $19.61, for a total value of $64,516.90. Following the sale, the director now owns 53,083 shares in the company, valued at approximately $1,040,957.63. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Walter C. Rakowich sold 3,290 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $19.61, for a total transaction of $64,516.90. Following the sale, the director now owns 53,083 shares in the company, valued at $1,040,957.63. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Nathan S. Tyrrell sold 10,707 shares of the stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $21.00, for a total transaction of $224,847.00. Following the sale, the vice president now owns 379,285 shares in the company, valued at approximately $7,964,985. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $17.30 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a 50-day moving average of $17.70 and a two-hundred day moving average of $18.32. The stock has a market cap of $12.37 billion, a P/E ratio of 49.43 and a beta of 1.22. Host Hotels & Resorts, Inc. has a 1-year low of $14.67 and a 1-year high of $21.63.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.14. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $949.39 million. Host Hotels & Resorts had a net margin of 7.21% and a return on equity of 4.06%. The firm’s revenue for the quarter was up 169.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.65 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Wednesday, June 29th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.03. Host Hotels & Resorts’s dividend payout ratio is 68.57%.

Host Hotels & Resorts Profile

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)



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