Los Angeles Capital Management LLC Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Los Angeles Capital Management LLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,931,938 shares of the company’s stock after purchasing an additional 24,529 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.27% of Host Hotels & Resorts worth $39,952,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HST. Wellington Management Group LLP increased its stake in Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after buying an additional 6,719,578 shares during the last quarter. Norges Bank bought a new stake in Host Hotels & Resorts during the fourth quarter worth $615,558,000. JPMorgan Chase & Co. boosted its position in Host Hotels & Resorts by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock worth $358,576,000 after purchasing an additional 310,079 shares during the last quarter. Northern Trust Corp grew its stake in Host Hotels & Resorts by 3.7% in the 3rd quarter. Northern Trust Corp now owns 12,142,399 shares of the company’s stock valued at $195,128,000 after purchasing an additional 438,014 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Host Hotels & Resorts by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock valued at $190,807,000 after purchasing an additional 164,334 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Insider Buying and Selling

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now directly 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 can be accessed through the SEC website. 1.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

HST has been the topic of a number of research analyst reports. Raymond James boosted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company lifted 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. Barclays reduced their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Finally, UBS Group lowered their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.36.

Host Hotels & Resorts Stock Down 0.1 %

Shares of NASDAQ HST opened at $17.94 on Thursday. The business has a 50-day simple moving average of $18.55 and a two-hundred day simple moving average of $19.41. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a market cap of $12.65 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.57 and a beta of 1.31. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 4.46%. 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.