EdgeRock Capital LLC Invests $121,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

EdgeRock Capital LLC bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,216 shares of the company’s stock, valued at approximately $121,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Host Hotels & Resorts by 15.4% in the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after purchasing an additional 6,719,578 shares during the last quarter. PGGM Investments purchased a new position in Host Hotels & Resorts in the fourth quarter valued at about $57,664,000. Miller Howard Investments Inc. NY purchased a new position in Host Hotels & Resorts in the fourth quarter valued at about $38,873,000. QRG Capital Management Inc. purchased a new position in Host Hotels & Resorts in the third quarter valued at about $28,456,000. Finally, National Bank of Canada FI boosted its holdings in Host Hotels & Resorts by 301.3% in the fourth quarter. National Bank of Canada FI now owns 2,128,173 shares of the company’s stock valued at $41,925,000 after purchasing an additional 1,597,876 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Insiders Place Their Bets

In related news, CEO James F. Risoleo sold 28,136 shares of the business’s 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 sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by insiders.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded down $0.05 on Tuesday, reaching $18.72. 4,814,696 shares of the company were exchanged, compared to its average volume of 6,026,507. The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.29 and a current ratio of 6.66. The company’s 50-day moving average is $20.08 and its two-hundred day moving average is $19.05. The firm has a market cap of $13.17 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.64 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.44 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, research analysts expect that Host Hotels & Resorts, Inc. will post 2 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 Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.27%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Analysts Set New Price Targets

A number of brokerages recently commented on HST. UBS Group reduced their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Raymond James increased their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Barclays increased 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. Truist Financial increased 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. Finally, Wells Fargo & Company increased their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.

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.