Ascent Group LLC Sells 1,517 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ascent Group LLC trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,022 shares of the company’s stock after selling 1,517 shares during the period. Ascent Group LLC’s holdings in Host Hotels & Resorts were worth $331,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Riverview Trust Co bought a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at $27,000. Mather Group LLC. bought a new stake in Host Hotels & Resorts during the first quarter valued at $35,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Host Hotels & Resorts during the 4th quarter worth about $40,000. Private Trust Co. NA raised its position in shares of Host Hotels & Resorts by 186.1% in the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after acquiring an additional 1,537 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Host Hotels & Resorts by 222.4% in the 4th quarter. Signaturefd LLC now owns 2,463 shares of the company’s stock worth $48,000 after acquiring an additional 1,699 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the transaction, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Stock Up 1.4 %

Shares of HST traded up $0.25 on Monday, reaching $17.70. The company’s stock had a trading volume of 7,010,573 shares, compared to its average volume of 6,067,479. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock has a market capitalization of $12.48 billion, a PE ratio of 17.35, a PEG ratio of 1.52 and a beta of 1.33. 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 firm has a fifty day moving average of $17.97 and a 200-day moving average of $19.13.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HST shares. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. UBS Group reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barclays lowered their price objective 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. Truist Financial cut their target price on shares of 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. Finally, Wedbush reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.57.

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.