William Blair Investment Management LLC Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

William Blair Investment Management LLC lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.2% in the 1st quarter, Holdings Channel.com reports. The firm owned 23,302 shares of the company’s stock after selling 1,032 shares during the quarter. William Blair Investment Management LLC’s holdings in Host Hotels & Resorts were worth $482,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Miller Howard Investments Inc. NY acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $38,873,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $1,214,000. Illinois Municipal Retirement Fund boosted its holdings in shares of Host Hotels & Resorts by 61.1% during the 4th quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after purchasing an additional 251,112 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 7.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock worth $33,297,000 after purchasing an additional 120,555 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Host Hotels & Resorts by 11.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock worth $30,323,000 after purchasing an additional 149,057 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the business’s 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 sale, 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 can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Host Hotels & Resorts Trading Up 1.6 %

NASDAQ HST traded up $0.30 on Wednesday, reaching $18.86. The stock had a trading volume of 6,815,178 shares, compared to its average volume of 6,055,803. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 1.60 and a beta of 1.33. 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, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The stock has a fifty day moving average price of $18.10 and a two-hundred day moving average price of $19.26.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. 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 report on Friday, April 19th. Truist Financial lowered their target price on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Wedbush restated an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Wells Fargo & Company boosted their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Barclays lowered 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $21.36.

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.