Xponance Inc. Decreases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Xponance Inc. cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,264 shares of the company’s stock after selling 11,161 shares during the quarter. Xponance Inc.’s holdings in Host Hotels & Resorts were worth $1,835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. CVA Family Office LLC acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $26,000. Parkside Financial Bank & Trust increased its holdings in shares of Host Hotels & Resorts by 57.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares during the period. NBC Securities Inc. acquired a new position in shares of Host Hotels & Resorts in the third quarter valued at about $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Private Trust Co. NA increased its holdings in shares of Host Hotels & Resorts by 186.1% in the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after purchasing an additional 1,537 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO James F. Risoleo sold 28,136 shares of the firm’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 value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HST shares. Truist Financial increased their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Oppenheimer raised their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Company raised 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. Finally, Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and raised their target price for the stock from $18.00 to $23.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Stock Up 1.5 %

Shares of HST opened at $19.29 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The stock’s 50 day moving average is $20.28 and its two-hundred day moving average is $18.88. The firm has a market cap of $13.57 billion, a P/E ratio of 18.55, a PEG ratio of 1.69 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 the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $0.44 EPS. Analysts predict that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is 76.92%.

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.