Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 453,288 shares of the company’s stock after selling 3,602 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.06% of Host Hotels & Resorts worth $9,374,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Community Bank lifted its position in shares of Host Hotels & Resorts by 11.0% in the first quarter. United Community Bank now owns 8,763 shares of the company’s stock valued at $181,000 after acquiring an additional 865 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Host Hotels & Resorts during the first quarter worth about $77,000. Daiwa Securities Group Inc. increased its stake in Host Hotels & Resorts by 0.3% during the first quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock worth $158,849,000 after acquiring an additional 25,953 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in Host Hotels & Resorts during the first quarter worth about $56,000. Finally, Tokio Marine Asset Management Co. Ltd. increased its stake in Host Hotels & Resorts by 15.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,204 shares of the company’s stock worth $501,000 after acquiring an additional 3,187 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Raymond James increased their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Truist Financial lowered their target price on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Barclays lowered their target price on 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. Finally, Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.36.

Host Hotels & Resorts Price Performance

Shares of HST stock traded up $0.21 during mid-day trading on Wednesday, hitting $17.75. 2,392,173 shares of the stock traded hands, compared to its average volume of 6,005,571. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.33. The company’s 50-day simple moving average is $18.14 and its 200-day simple moving average is $19.32. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Insider Activity

In other 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 completion of the sale, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by insiders.

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.