Resort hotel

Van ECK Associates Corp buys 8,347 shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)


Van ECK Associates Corp increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ: HSTGet a rating) by 15.1% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 63,742 shares of the company after purchasing an additional 8,347 shares during the period. Van ECK Associates Corp’s holdings in Host Hotels & Resorts were worth $1,239,000 at the end of the last quarter.

Several other large investors have also recently changed their positions in the stock. Tcwp LLC bought a new position in Host Hotels & Resorts during the first quarter worth approximately $31,000. Riverview Trust Co increased its position in Host Hotels & Resorts shares by 83.6% in the first quarter. Riverview Trust Co now owns 2,389 shares of the company valued at $46,000 after buying an additional 1,088 shares in the last quarter. UMB Bank NA MO bought a new position in shares of Host Hotels & Resorts during the 4th quarter for a value of approximately $50,000. Rockefeller Capital Management LP increased its holdings of Host Hotels & Resorts shares by 80.4% during the fourth quarter. Rockefeller Capital Management LP now owns 3,030 shares of the company worth $52,000 after acquiring 1,350 additional shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Host Hotels & Resorts by 59.5% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,693 shares of the company valued at $94,000 after acquiring an additional 1,750 shares during the period.

Analyst upgrades and downgrades

The HST has been the subject of a number of reports by research analysts. Deutsche Bank Aktiengesellschaft raised its price target on shares of Host Hotels & Resorts from $23.00 to $26.00 in a Friday, May 6 research report. StockNews.com upgraded the shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating in a Tuesday, May 10 research note. Evercore ISI reissued an “outperform” rating and posted a price target of $23.00 on shares of Host Hotels & Resorts in a Monday, July 11 report. Barclays cut its price target on Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a Thursday, July 7 report. Finally, Truist Financial raised its price target on Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a “holding” rating in a Wednesday, June 1 research note. Five research analysts gave the stock a hold rating and six gave the company a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.83.

Price performance of host hotels and resorts

Shares of NASDAQ HST opened at $18.46 on Wednesday. The company has a fifty-day moving average price of $17.79 and a two-hundred-day moving average price of $17.92. The stock has a market capitalization of $13.20 billion, a PE ratio of 23.08 and a beta of 1.24. The company has a debt ratio of 0.62, a current ratio of 11.29 and a quick ratio of 11.29. Host Hotels & Resorts, Inc. has a fifty-two week minimum of $15.10 and a fifty-two week maximum of $21.63.

Host hotels and resorts (NASDAQ: HSTGet a rating) last released its quarterly results on Wednesday, August 3. The company reported EPS of $0.36 for the quarter, missing analyst consensus estimates of $0.48 per ($0.12). Host Hotels & Resorts achieved a net margin of 13.34% and a return on equity of 8.86%. During the same period last year, the company posted earnings per share of $0.12. As a group, stock analysts predict Host Hotels & Resorts, Inc. will post 1.78 earnings per share for the current fiscal year.

Host Hotels & Resorts increases its dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17. Investors of record on Friday, September 30 will receive a dividend of $0.12 per share. This is a positive change from Host Hotels & Resorts’ previous quarterly dividend of $0.06. This represents an annualized dividend of $0.48 and a dividend yield of 2.60%. Host Hotels & Resorts’ dividend payout ratio (DPR) is currently 30.00%.

Insider Activity at Host Hotels and Resorts

In other news, VP Nathan S. Tyrrell sold 10,707 Host Hotels & Resorts shares in a trade on Tuesday, June 7. The stock was sold at an average price of $21.00, for a total value of $224,847.00. Following the transaction, the vice president now owns 379,285 shares of the company, valued at approximately $7,964,985. The sale was disclosed in an SEC filing, available at the SEC website. 1.20% of the shares are currently held by insiders.

Profile of Host Hotels and Resorts

(Get a rating)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest accommodation real estate investment fund and one of the largest owners of luxury and upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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



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