Nisa Investment Advisors LLC Has $6.62 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nisa Investment Advisors LLC lessened its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 22.9% during the 4th quarter, HoldingsChannel reports. The fund owned 340,011 shares of the company’s stock after selling 100,841 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Host Hotels & Resorts were worth $6,620,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HST. Norges Bank acquired a new position in shares of Host Hotels & Resorts during the fourth quarter valued at $410,211,000. Wellington Management Group LLP lifted its stake in shares of Host Hotels & Resorts by 15.4% during the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after acquiring an additional 6,719,578 shares during the period. State Street Corp lifted its stake in shares of Host Hotels & Resorts by 7.1% during the first quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the period. Prudential Financial Inc. lifted its stake in shares of Host Hotels & Resorts by 102.1% during the first quarter. Prudential Financial Inc. now owns 5,000,909 shares of the company’s stock valued at $97,168,000 after acquiring an additional 2,526,434 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Host Hotels & Resorts by 18.8% during the second quarter. Goldman Sachs Group Inc. now owns 14,392,721 shares of the company’s stock valued at $242,230,000 after acquiring an additional 2,276,596 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 2.8 %

NASDAQ:HST opened at $20.14 on Thursday. 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 cap of $14.17 billion, a PE ratio of 19.37, a PEG ratio of 1.83 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The stock has a 50-day simple moving average of $20.30 and a 200 day simple moving average of $18.65.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 earnings per share. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.97%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer upped their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Jefferies Financial Group increased their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays increased their target price on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Raymond James increased their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, 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 note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.14% of the stock is owned by corporate insiders.

Host Hotels & Resorts 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.