Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,438,537 shares of the company’s stock after selling 23,100 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.20% of Host Hotels & Resorts worth $28,008,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CVA Family Office LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter worth $26,000. Parkside Financial Bank & Trust lifted its holdings in Host Hotels & Resorts by 57.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after acquiring an additional 639 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new position in Host Hotels & Resorts in the fourth quarter worth about $40,000. NBC Securities Inc. bought a new position in Host Hotels & Resorts in the third quarter worth about $35,000. Finally, Private Trust Co. NA lifted its holdings in Host Hotels & Resorts by 186.1% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Buying and Selling at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s 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 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 filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Stock Down 0.9 %

HST traded down $0.17 during trading on Tuesday, hitting $19.02. The company had a trading volume of 2,379,908 shares, compared to its average volume of 5,883,228. The firm’s 50-day moving average price is $20.23 and its 200 day moving average price is $18.96. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a market capitalization of $13.38 billion, a PE ratio of 18.45, a PEG ratio of 1.68 and a beta of 1.31. 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 (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 firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s payout ratio is 76.92%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HST. Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their price target for the company from $18.00 to $23.00 in a report on Monday, January 8th. Truist Financial boosted their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Barclays boosted their target price on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Finally, Oppenheimer boosted their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.33.

Host Hotels & Resorts 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.