Allspring Global Investments Holdings LLC Purchases 105,816 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allspring Global Investments Holdings LLC raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 29.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 465,303 shares of the company’s stock after purchasing an additional 105,816 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Host Hotels & Resorts worth $9,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its holdings in shares of Host Hotels & Resorts by 1,921.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after purchasing an additional 1,249 shares during the period. CVA Family Office LLC bought a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $26,000. Parkside Financial Bank & Trust increased its holdings in shares of Host Hotels & Resorts by 146.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after purchasing an additional 976 shares during the period. Belpointe Asset Management LLC increased its holdings in shares of Host Hotels & Resorts by 66.2% during the 1st quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in shares of Host Hotels & Resorts by 225.2% during the 1st quarter. First Horizon Advisors Inc. now owns 2,107 shares of the company’s stock worth $35,000 after purchasing an additional 1,459 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 2.5 %

Shares of NASDAQ:HST opened at $19.08 on Wednesday. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The company has a market capitalization of $13.42 billion, a PE ratio of 18.35, a PEG ratio of 1.78 and a beta of 1.31. The company has a 50 day moving average price of $20.33 and a two-hundred day moving average price of $18.77.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.98 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.19%. 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 presently 76.92%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of the 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 owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HST shares. Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Raymond James lifted their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their target price for the company from $18.00 to $23.00 in a research report on Monday, January 8th. Barclays lifted their target price 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. Finally, Truist Financial lifted their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.20.

About Host Hotels & Resorts

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.