Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,115 shares of the company’s stock after acquiring an additional 662 shares during the quarter. Amalgamated Bank’s holdings in Host Hotels & Resorts were worth $4,636,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CVA Family Office LLC purchased a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Parkside Financial Bank & Trust increased its holdings in shares of Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after acquiring an additional 639 shares during the period. NBC Securities Inc. purchased a new stake in Host Hotels & Resorts in the 3rd quarter valued at $35,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Host Hotels & Resorts during the 4th quarter worth $40,000. Finally, Private Trust Co. NA grew its position in Host Hotels & Resorts by 186.1% during the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after purchasing an additional 1,537 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HST. Raymond James boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their price target on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Barclays raised their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Truist Financial boosted their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, UBS Group reduced 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.29.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $18.72 on Wednesday. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.64 and a beta of 1.32. The firm has a 50 day moving average price of $20.08 and a 200 day moving average price of $19.05. 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 0.67, a quick ratio of 3.29 and a current ratio of 6.66.

Host Hotels & Resorts (NASDAQ:HST) last issued 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). Host Hotels & Resorts had a return on equity of 10.59% and a net margin of 13.35%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 2 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date 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 is 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction 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 directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.