Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 115,553,687 shares of the company’s stock after purchasing an additional 158,738 shares during the period. Vanguard Group Inc. owned about 16.42% of Host Hotels & Resorts worth $2,389,650,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HST. Intech Investment Management LLC boosted its stake in shares of Host Hotels & Resorts by 79.5% during the first quarter. Intech Investment Management LLC now owns 431,733 shares of the company’s stock valued at $8,928,000 after acquiring an additional 191,249 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after acquiring an additional 55,654 shares during the last quarter. Scout Investments Inc. boosted its stake in shares of Host Hotels & Resorts by 19.7% during the first quarter. Scout Investments Inc. now owns 725,598 shares of the company’s stock valued at $15,027,000 after acquiring an additional 119,301 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Host Hotels & Resorts by 13.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,050 shares of the company’s stock valued at $26,885,000 after acquiring an additional 152,337 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Host Hotels & Resorts by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock valued at $18,247,000 after acquiring an additional 34,179 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 0.7 %

NASDAQ HST traded down $0.13 during mid-day trading on Friday, reaching $17.86. 6,102,125 shares of the company’s stock traded hands, compared to its average volume of 5,937,500. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a fifty day simple moving average of $18.08 and a 200-day simple moving average of $19.23. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.56 and a beta of 1.33.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.48%. Host Hotels & Resorts’s payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of analyst reports. Barclays decreased their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Truist Financial decreased their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. UBS Group reduced their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.57.

Insider Transactions at Host Hotels & Resorts

In other news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction that occurred on 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 transaction, the director now owns 64,457 shares in the company, valued at approximately $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

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.