Sequoia Financial Advisors LLC Takes $291,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sequoia Financial Advisors LLC purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,962 shares of the company’s stock, valued at approximately $291,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter worth about $26,000. Brown Brothers Harriman & Co. increased its holdings in shares of Host Hotels & Resorts by 1,921.5% during the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after buying an additional 1,249 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Host Hotels & Resorts by 57.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after acquiring an additional 639 shares during the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Host Hotels & Resorts by 66.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after acquiring an additional 745 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in Host Hotels & Resorts during the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 0.6 %

NASDAQ:HST opened at $18.71 on Friday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The firm 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 business’s 50-day moving average price is $20.29 and its two-hundred day moving average price is $18.79.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.44 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.20 dividend. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.28%. Host Hotels & Resorts’s payout ratio is 76.92%.

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 dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HST shares. Barclays lifted their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Wells Fargo & Company increased their price objective 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. Oppenheimer boosted their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Bank of America raised shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and increased their price target for the company from $18.00 to $23.00 in a research note on Monday, January 8th. Finally, Raymond James raised their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, March 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.