North Dakota State Investment Board acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 23,559 shares of the company’s stock, valued at approximately $418,000.
Other hedge funds also recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new stake in Host Hotels & Resorts in the 2nd quarter valued at about $29,000. Clearstead Advisors LLC raised its holdings in Host Hotels & Resorts by 79.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Host Hotels & Resorts in the 2nd quarter valued at about $32,000. Hantz Financial Services Inc. raised its holdings in Host Hotels & Resorts by 234.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Host Hotels & Resorts in the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Down 0.1%
Shares of NASDAQ HST opened at $22.38 on Friday. The company has a 50 day simple moving average of $20.39 and a 200-day simple moving average of $19.14. The company has a market capitalization of $15.33 billion, a P/E ratio of 15.22, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 7.91 and a quick ratio of 7.91. Host Hotels & Resorts, Inc. has a 1 year low of $14.46 and a 1 year high of $22.48.
Host Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.6%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 54.42%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Cantor Fitzgerald increased their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Morgan Stanley raised their price target on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Citigroup raised their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Truist Financial raised their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, March 26th. Finally, Barclays raised their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.92.
Read Our Latest Research Report on HST
Insider Buying and Selling at Host Hotels & Resorts
In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the completion of the transaction, the executive vice president owned 697,658 shares of the company’s stock, valued at approximately $15,348,476. This trade represents a 7.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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