Jacobi Capital Management LLC Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Jacobi Capital Management LLC boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 5.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,922 shares of the company’s stock after buying an additional 1,373 shares during the quarter. Jacobi Capital Management LLC’s holdings in Host Hotels & Resorts were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at $2,573,000. Yousif Capital Management LLC bought a new stake in Host Hotels & Resorts in the fourth quarter worth $2,291,000. CWM LLC bought a new stake in Host Hotels & Resorts in the fourth quarter worth $48,000. Xponance Inc. boosted its holdings in Host Hotels & Resorts by 34.4% in the fourth quarter. Xponance Inc. now owns 48,984 shares of the company’s stock worth $852,000 after purchasing an additional 12,531 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Host Hotels & Resorts by 30.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 623,155 shares of the company’s stock worth $10,821,000 after purchasing an additional 144,652 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Truist Financial upped their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a report on Wednesday, June 1st. Evercore ISI restated an “outperform” rating and set a $23.00 price target on shares of Host Hotels & Resorts in a report on Monday, July 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Host Hotels & Resorts from $23.00 to $26.00 in a report on Friday, May 6th. Finally, Barclays decreased their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.82.

Insider Transactions at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,290 shares of the firm’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $19.61, for a total transaction of $64,516.90. Following the sale, the director now directly owns 53,083 shares in the company, valued at $1,040,957.63. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, VP Nathan S. Tyrrell sold 10,707 shares of the business’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $21.00, for a total transaction of $224,847.00. Following the transaction, the vice president now directly owns 379,285 shares in the company, valued at approximately $7,964,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Walter C. Rakowich sold 3,290 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $19.61, for a total transaction of $64,516.90. Following the transaction, the director now owns 53,083 shares in the company, valued at $1,040,957.63. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Host Hotels & Resorts Price Performance

HST opened at $17.97 on Friday. Host Hotels & Resorts, Inc. has a one year low of $14.67 and a one year high of $21.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 11.29 and a quick ratio of 4.03. The company’s 50 day simple moving average is $17.39 and its 200-day simple moving average is $18.29. The stock has a market capitalization of $12.84 billion, a P/E ratio of 22.46 and a beta of 1.24.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.12). Host Hotels & Resorts had a net margin of 13.34% and a return on equity of 8.86%. During the same quarter in the prior year, the firm earned $0.12 earnings per share. Sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.77 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.67%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 30.00%.

About Host Hotels & Resorts

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

See Also

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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