Sei Investments Co. lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 1.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 4,346,284 shares of the company’s stock after buying an additional 64,078 shares during the period. Sei Investments Co.’s holdings in Host Hotels & Resorts were worth $83,275,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Globeflex Capital L P increased its holdings in shares of Host Hotels & Resorts by 40.7% in the first quarter. Globeflex Capital L P now owns 408,250 shares of the company’s stock worth $7,822,000 after acquiring an additional 118,079 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Host Hotels & Resorts by 2.6% during the first quarter. Cetera Investment Advisers now owns 132,615 shares of the company’s stock worth $2,541,000 after purchasing an additional 3,339 shares during the period. Lasalle Investment Management Securities LLC lifted its holdings in shares of Host Hotels & Resorts by 25.7% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 2,030,396 shares of the company’s stock valued at $38,902,000 after purchasing an additional 414,818 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Host Hotels & Resorts during the 1st quarter valued at about $1,090,000. Finally, NewEdge Wealth LLC grew its position in shares of Host Hotels & Resorts by 14.5% in the 1st quarter. NewEdge Wealth LLC now owns 2,163,958 shares of the company’s stock valued at $41,461,000 after purchasing an additional 274,642 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of HST opened at $24.50 on Friday. The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74. Host Hotels & Resorts, Inc. has a twelve month low of $15.11 and a twelve month high of $25.41. The stock has a market capitalization of $16.78 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a 50 day moving average of $23.81 and a 200-day moving average of $21.11.
Host Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.3%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 54.42%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 15th. Citigroup raised their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Morgan Stanley boosted their price objective on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a research note on Friday, June 12th. Finally, Argus set a $27.00 target price on Host Hotels & Resorts in a report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $24.27.
Check Out Our Latest Stock Analysis on HST
Insider Buying and Selling at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 58,579 shares of Host Hotels & Resorts stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the completion of the transaction, the executive vice president directly owned 697,658 shares of the company’s stock, valued at $15,348,476. The trade was a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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