Treasurer of the State of North Carolina Buys 1,950 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Posted by Defense World Staff on Aug 6th, 2023

Treasurer of the State of North Carolina lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 0.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 319,411 shares of the company’s stock after purchasing an additional 1,950 shares during the period. Treasurer of the State of North Carolina’s holdings in Host Hotels & Resorts were worth $5,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HST. US Bancorp DE raised its stake in shares of Host Hotels & Resorts by 2.5% during the 1st quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after purchasing an additional 1,066 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $215,000. Cetera Advisor Networks LLC raised its stake in shares of Host Hotels & Resorts by 7.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock worth $285,000 after purchasing an additional 1,034 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Host Hotels & Resorts in the 1st quarter valued at $624,000. Finally, Panagora Asset Management Inc. raised its stake in Host Hotels & Resorts by 82.0% in the 1st quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock valued at $1,656,000 after acquiring an additional 38,385 shares during the period. Institutional investors own 97.92% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $16.59 on Friday. The firm has a market cap of $11.80 billion, a P/E ratio of 15.80 and a beta of 1.28. Host Hotels & Resorts, Inc. has a 52-week low of $14.51 and a 52-week high of $19.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 5.44 and a current ratio of 6.57. The business’s fifty day moving average is $17.29 and its 200-day moving average is $16.69.

Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its earnings results on Wednesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.27). The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. Host Hotels & Resorts had a return on equity of 11.08% and a net margin of 14.50%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.86 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $0.15 dividend. The ex-dividend date was Thursday, June 29th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 3.62%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 57.14%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HST shares. Stifel Nicolaus dropped their price target on Host Hotels & Resorts from $21.00 to $19.50 in a research note on Thursday, May 4th. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $18.00 to $21.00 in a research note on Wednesday, July 12th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Oppenheimer upgraded Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, July 20th. Finally, Morgan Stanley cut Host Hotels & Resorts from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $19.00 to $15.50 in a research note on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating and six have given 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 price target of $20.44.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,688 shares of the stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $17.47, for a total value of $64,429.36. Following the completion of the transaction, the director now directly owns 58,616 shares in the company, valued at $1,024,021.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Host Hotels & Resorts Company Profile

(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 41,900 rooms.