Metis Global Partners LLC Raises Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Metis Global Partners LLC raised its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,881 shares of the company’s stock after purchasing an additional 3,364 shares during the quarter. Metis Global Partners LLC’s holdings in Host Hotels & Resorts were worth $1,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Cornercap Investment Counsel Inc. raised its stake in shares of Host Hotels & Resorts by 0.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock valued at $1,613,000 after buying an additional 610 shares during the last quarter. Eagle Strategies LLC raised its position in Host Hotels & Resorts by 2.9% during the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after acquiring an additional 617 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Host Hotels & Resorts by 57.5% in the third 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. Panagora Asset Management Inc. boosted its position in Host Hotels & Resorts by 1.0% in the 3rd quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company’s stock worth $1,086,000 after purchasing an additional 658 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of Host Hotels & Resorts by 0.3% during the 4th quarter. Amalgamated Bank now owns 238,115 shares of the company’s stock worth $4,636,000 after purchasing an additional 662 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HST shares. Raymond James raised their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Barclays boosted their price objective on 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 increased their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, UBS Group reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

Insiders Place Their Bets

In related news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is currently owned by insiders.

Host Hotels & Resorts Price Performance

HST stock opened at $18.23 on Thursday. The business has a 50 day moving average price of $20.05 and a 200 day moving average price of $19.08. The company has a quick ratio of 3.29, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The stock has a market cap of $12.83 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.64 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly 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). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.59% and a net margin of 13.35%. Host Hotels & Resorts’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 2 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.39%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

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.