Host Hotels & Resorts, Inc. $HST Stock Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 40.0% during the third quarter, Holdings Channel reports. The fund owned 3,051,990 shares of the company’s stock after selling 2,038,544 shares during the period. Russell Investments Group Ltd.’s holdings in Host Hotels & Resorts were worth $68,344,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Host Hotels & Resorts during the third quarter worth about $50,000. Provenance Wealth Advisors LLC increased its stake in Host Hotels & Resorts by 12,526.1% in the third quarter. Provenance Wealth Advisors LLC now owns 2,904 shares of the company’s stock valued at $65,000 after purchasing an additional 2,881 shares during the last quarter. Fulcrum Asset Management LLP boosted its holdings in shares of Host Hotels & Resorts by 2,992.6% in the 3rd quarter. Fulcrum Asset Management LLP now owns 3,340 shares of the company’s stock valued at $75,000 after buying an additional 3,232 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Host Hotels & Resorts by 14.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company’s stock worth $117,000 after acquiring an additional 629 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Host Hotels & Resorts during the 2nd quarter worth $129,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HST has been the topic of several research reports. Weiss Ratings lowered Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 9th. JPMorgan Chase & Co. upped their target price on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Truist Financial raised their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Barclays boosted their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Finally, Cantor Fitzgerald lifted their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, November 10th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.55.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded down $0.02 on Friday, reaching $25.50. 6,027,469 shares of the stock were exchanged, compared to its average volume of 9,503,974. The firm has a market capitalization of $17.47 billion, a PE ratio of 18.61, a PEG ratio of 3.58 and a beta of 1.09. Host Hotels & Resorts, Inc. has a 1-year low of $16.77 and a 1-year high of $26.19. The business has a fifty day moving average price of $23.57 and a two-hundred day moving average price of $22.26. The company has a current ratio of 5.79, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a return on equity of 14.33% and a net margin of 15.01%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 2.20 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Host Hotels & Resorts’s payout ratio is currently 58.39%.

Insiders Place Their Bets

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president directly owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mary Baglivo sold 13,963 shares of Host Hotels & Resorts stock in a transaction on Friday, November 6th. The stock was sold at an average price of $24.47, for a total value of $341,674.61. Following the transaction, the director directly owned 2,468 shares of the company’s stock, valued at approximately $60,391.96. This represents a 84.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 224,174 shares of company stock worth $5,472,826. 1.50% of the stock is owned by company insiders.

Host Hotels & Resorts Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.