Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.8% during the first quarter, Holdings Channel.com reports. The fund owned 15,774 shares of the company’s stock after purchasing an additional 579 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Host Hotels & Resorts were worth $326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. CVA Family Office LLC acquired a new position in Host Hotels & Resorts in the fourth quarter valued at $26,000. Riverview Trust Co acquired a new position in Host Hotels & Resorts in the first quarter valued at $27,000. Mather Group LLC. acquired a new position in Host Hotels & Resorts in the first quarter valued at $35,000. Turtle Creek Wealth Advisors LLC acquired a new position in Host Hotels & Resorts in the fourth quarter valued at $40,000. Finally, Private Trust Co. NA boosted its holdings in Host Hotels & Resorts by 186.1% in the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after acquiring an additional 1,537 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.2 %

Shares of NASDAQ HST opened at $17.68 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 year high of $21.31. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66. The stock’s 50-day simple moving average is $18.22 and its 200-day simple moving average is $19.36.

Host Hotels & Resorts Dividend Announcement

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 issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HST. Barclays reduced their target price 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. Raymond James boosted their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company boosted their price objective on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. UBS Group reduced their price objective 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. Finally, Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. 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 company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $21.36.

Insider Activity at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the sale, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% 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.