Edgestream Partners L.P. Acquires New Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Edgestream Partners L.P. acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 164,614 shares of the company’s stock, valued at approximately $3,404,000.

A number of other hedge funds have also recently added to or reduced their stakes in HST. SG Americas Securities LLC boosted its stake in Host Hotels & Resorts by 62.5% during the 4th quarter. SG Americas Securities LLC now owns 55,943 shares of the company’s stock valued at $1,089,000 after acquiring an additional 21,526 shares during the last quarter. CVA Family Office LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $26,000. Pacer Advisors Inc. boosted its holdings in Host Hotels & Resorts by 4.0% during the fourth quarter. Pacer Advisors Inc. now owns 46,912 shares of the company’s stock worth $913,000 after buying an additional 1,813 shares in the last quarter. Kingswood Wealth Advisors LLC acquired a new position in Host Hotels & Resorts in the fourth quarter worth approximately $345,000. Finally, Tectonic Advisors LLC boosted its holdings in shares of Host Hotels & Resorts by 3.5% in the fourth quarter. Tectonic Advisors LLC now owns 53,395 shares of the company’s stock worth $1,040,000 after buying an additional 1,818 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 on Thursday, May 16th. The shares were 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 of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded up $0.07 during midday trading on Monday, hitting $17.93. The company’s stock had a trading volume of 3,806,039 shares, compared to its average volume of 6,034,451. The stock has a fifty day moving average price of $18.08 and a 200 day moving average price 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. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The firm has a market capitalization of $12.64 billion, a price-to-earnings ratio of 17.44, 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. Shareholders of record on Friday, June 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $20.00 to $18.00 in a research note on Friday. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 30th. UBS Group lowered their price target 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. Barclays dropped 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 report 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 report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.57.

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.