Mackenzie Financial Corp Sells 992 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mackenzie Financial Corp decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,193 shares of the company’s stock after selling 992 shares during the quarter. Mackenzie Financial Corp’s holdings in Host Hotels & Resorts were worth $2,262,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC lifted its stake in Host Hotels & Resorts by 11.7% in the 3rd quarter. CWM LLC now owns 8,160 shares of the company’s stock valued at $131,000 after acquiring an additional 854 shares in the last quarter. AE Wealth Management LLC bought a new stake in shares of Host Hotels & Resorts in the third quarter worth $563,000. Oak Thistle LLC acquired a new position in Host Hotels & Resorts during the third quarter worth $445,000. Czech National Bank grew its position in Host Hotels & Resorts by 47.8% in the third quarter. Czech National Bank now owns 124,373 shares of the company’s stock valued at $1,999,000 after purchasing an additional 40,200 shares in the last quarter. Finally, Golden State Equity Partners increased its stake in Host Hotels & Resorts by 6.4% in the 3rd quarter. Golden State Equity Partners now owns 36,680 shares of the company’s stock valued at $589,000 after buying an additional 2,202 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Up 1.5 %

Shares of NASDAQ:HST opened at $19.00 on Tuesday. The business’s 50 day simple moving average is $20.27 and its 200 day simple moving average is $18.86. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 year high of $21.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $13.37 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.67 and a beta of 1.31.

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

Host Hotels & Resorts Increases Dividend

The company also recently disclosed 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 represents a $0.80 dividend on an annualized basis and a yield of 4.21%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio is presently 76.92%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of the company’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 transaction 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 approximately $46,826,140.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HST. UBS Group decreased their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday. Oppenheimer increased their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Jefferies Financial Group increased their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Raymond James boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Company 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.