United Community Bank Acquires 865 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

United Community Bank boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,763 shares of the company’s stock after acquiring an additional 865 shares during the quarter. United Community Bank’s holdings in Host Hotels & Resorts were worth $181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HST. iA Global Asset Management Inc. grew its holdings in Host Hotels & Resorts by 115.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 62,551 shares of the company’s stock worth $1,005,000 after acquiring an additional 33,508 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of Host Hotels & Resorts by 18.0% in the 3rd quarter. Aurora Investment Counsel now owns 47,275 shares of the company’s stock worth $760,000 after purchasing an additional 7,200 shares during the period. Public Sector Pension Investment Board lifted its position in shares of Host Hotels & Resorts by 6.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 145,313 shares of the company’s stock worth $2,335,000 after purchasing an additional 8,303 shares during the period. Deutsche Bank AG lifted its position in shares of Host Hotels & Resorts by 3.8% in the 3rd quarter. Deutsche Bank AG now owns 2,265,095 shares of the company’s stock worth $36,400,000 after purchasing an additional 83,077 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Host Hotels & Resorts by 105.2% in the 3rd quarter. American Century Companies Inc. now owns 2,884,347 shares of the company’s stock worth $46,351,000 after purchasing an additional 1,478,591 shares during the period. 98.52% of the stock is owned by institutional investors.

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 that occurred on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now 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 is available through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.13 during trading hours on Wednesday, hitting $17.67. The company’s stock had a trading volume of 710,171 shares, compared to its average volume of 5,994,950. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.55 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 6.66. The business has a 50 day simple moving average of $18.14 and a two-hundred day simple moving average of $19.32. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.53%. Host Hotels & Resorts’s payout ratio is 78.43%.

Analysts Set New Price Targets

HST has been the topic of a number of research reports. Raymond James boosted their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Barclays decreased their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. UBS Group decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Wedbush restated an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Finally, Truist Financial reduced their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.36.

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.