Mutual of America Capital Management LLC Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mutual of America Capital Management LLC lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 122,110 shares of the company’s stock after selling 8,238 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Host Hotels & Resorts were worth $2,377,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Eagle Strategies LLC grew its holdings in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after buying an additional 617 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Host Hotels & Resorts by 57.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after buying an additional 639 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of Host Hotels & Resorts by 1.0% during the third quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company’s stock valued at $1,086,000 after buying an additional 658 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 0.3% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 279,681 shares of the company’s stock valued at $4,494,000 after buying an additional 715 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its holdings in shares of Host Hotels & Resorts by 66.2% during the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock valued at $31,000 after buying an additional 745 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the transaction, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HST has been the topic of several research reports. Truist Financial raised their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Stifel Nicolaus raised their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and raised their target price for the stock from $18.00 to $23.00 in a report on Monday, January 8th. Raymond James raised their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Host Hotels & Resorts Stock Performance

HST opened at $18.71 on Friday. The stock has a market capitalization of $13.16 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.67 and a beta of 1.31. The company has a fifty day moving average of $20.29 and a 200 day moving average of $18.79. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.28%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.

About Host Hotels & Resorts

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.