DekaBank Deutsche Girozentrale Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

DekaBank Deutsche Girozentrale boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 37.3% during the 1st quarter, HoldingsChannel reports. The firm owned 605,390 shares of the company’s stock after buying an additional 164,525 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Host Hotels & Resorts were worth $12,229,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HST. Norges Bank purchased a new position in Host Hotels & Resorts during the 4th quarter worth $615,558,000. PGGM Investments purchased a new position in Host Hotels & Resorts during the 4th quarter worth $57,664,000. SG Americas Securities LLC increased its holdings in Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock worth $45,934,000 after purchasing an additional 2,165,260 shares during the period. Miller Howard Investments Inc. NY purchased a new position in Host Hotels & Resorts during the 4th quarter worth $38,873,000. Finally, Russell Investments Group Ltd. increased its holdings in Host Hotels & Resorts by 103.2% during the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Truist Financial reduced their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Stifel Nicolaus cut their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday. Wedbush reiterated an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a report on Thursday, May 30th. UBS Group cut their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, Barclays cut their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Stock Down 3.3 %

Shares of Host Hotels & Resorts stock traded down $0.55 during trading on Friday, reaching $16.20. The company’s stock had a trading volume of 16,781,802 shares, compared to its average volume of 7,415,157. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 15.88, a P/E/G ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a 50-day simple moving average of $17.87 and a two-hundred day simple moving average of $19.07.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Insiders Place Their Bets

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the sale, the director now owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by 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.