Golden State Equity Partners Has $674,000 Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Golden State Equity Partners decreased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,632 shares of the company’s stock after selling 2,048 shares during the period. Golden State Equity Partners’ holdings in Host Hotels & Resorts were worth $674,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY acquired a new position in Host Hotels & Resorts in the fourth quarter valued at about $38,873,000. Illinois Municipal Retirement Fund raised its position in shares of Host Hotels & Resorts by 61.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after purchasing an additional 251,112 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Host Hotels & Resorts by 18.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock worth $324,000 after purchasing an additional 3,182 shares during the period. M&T Bank Corp raised its position in shares of Host Hotels & Resorts by 3.8% during the third quarter. M&T Bank Corp now owns 97,148 shares of the company’s stock worth $1,561,000 after purchasing an additional 3,601 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Host Hotels & Resorts by 3.0% during the third quarter. California Public Employees Retirement System now owns 1,460,992 shares of the company’s stock worth $23,478,000 after purchasing an additional 42,446 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded down $0.03 during midday trading on Friday, hitting $18.86. 3,952,161 shares of the company’s stock were exchanged, compared to its average volume of 4,460,994. 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’s 50 day moving average price is $20.24 and its 200 day moving average price is $18.90. The firm has a market capitalization of $13.27 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 earnings per share. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors 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 yield of 4.24%. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction that occurred on 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 directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

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.