Turtle Creek Wealth Advisors LLC Buys New Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Turtle Creek Wealth Advisors LLC bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,045 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also recently added to or reduced their stakes in HST. Parkside Financial Bank & Trust increased its position in Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares in the last quarter. Panagora Asset Management Inc. increased its position in Host Hotels & Resorts by 1.0% during 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. Knights of Columbus Asset Advisors LLC increased its position in Host Hotels & Resorts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 279,681 shares of the company’s stock worth $4,494,000 after purchasing an additional 715 shares in the last quarter. Belpointe Asset Management LLC increased its position in 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 in the last quarter. Finally, Advisor Partners II LLC increased its position in Host Hotels & Resorts by 2.9% during the 4th quarter. Advisor Partners II LLC now owns 26,267 shares of the company’s stock worth $422,000 after purchasing an additional 749 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insiders Place Their Bets

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the sale, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Host Hotels & Resorts Stock Performance

HST stock opened at $20.35 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm has a market cap of $14.32 billion, a P/E ratio of 19.57, a P/E/G ratio of 1.79 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The stock’s 50 day simple moving average is $20.32 and its 200 day simple moving average is $18.66.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 3.93%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Raymond James upped their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Oppenheimer upped their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Bank of America upgraded Host Hotels & Resorts from an “underperform” rating to a “buy” rating and upped their price target for the stock from $18.00 to $23.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $21.20.

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.