Scout Investments Inc. Boosts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Scout Investments Inc. increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,297 shares of the company’s stock after purchasing an additional 83,086 shares during the quarter. Scout Investments Inc. owned approximately 0.09% of Host Hotels & Resorts worth $11,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. Miller Howard Investments Inc. NY purchased a new stake in Host Hotels & Resorts in the 4th quarter valued at about $38,873,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Host Hotels & Resorts in the 4th quarter valued at about $1,214,000. Illinois Municipal Retirement Fund grew its holdings in Host Hotels & Resorts by 61.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock valued at $12,894,000 after buying an additional 251,112 shares during the period. Victory Capital Management Inc. grew its holdings in Host Hotels & Resorts by 7.6% in the 4th quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock valued at $33,297,000 after buying an additional 120,555 shares during the period. Finally, California State Teachers Retirement System grew its holdings in Host Hotels & Resorts by 4.1% in the 4th quarter. California State Teachers Retirement System now owns 1,229,606 shares of the company’s stock valued at $23,940,000 after buying an additional 48,709 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by corporate insiders.

Host Hotels & Resorts Stock Down 0.9 %

Host Hotels & Resorts stock traded down $0.17 during midday trading on Friday, hitting $17.81. 8,267,248 shares of the company were exchanged, compared to its average volume of 5,828,670. The company’s fifty day moving average price is $18.88 and its 200-day moving average price is $19.37. The company has a market cap of $12.56 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 6.66. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.49%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group lowered 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. Truist Financial reduced their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James lifted their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, Barclays reduced their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.36.

Check Out Our Latest Research Report on Host Hotels & Resorts

About Host Hotels & Resorts

(Free Report)

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.

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

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