Duff & Phelps Investment Management Co. Has $28.01 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Duff & Phelps Investment Management Co. trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,438,537 shares of the company’s stock after selling 23,100 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Host Hotels & Resorts were worth $28,008,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after purchasing an additional 6,719,578 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Host Hotels & Resorts by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock worth $358,576,000 after acquiring an additional 310,079 shares during the last quarter. Northern Trust Corp lifted its position in Host Hotels & Resorts by 3.7% in the 3rd quarter. Northern Trust Corp now owns 12,142,399 shares of the company’s stock valued at $195,128,000 after acquiring an additional 438,014 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Host Hotels & Resorts by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,635,719 shares of the company’s stock worth $154,846,000 after purchasing an additional 68,616 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Host Hotels & Resorts by 36.1% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 5,971,513 shares of the company’s stock valued at $95,963,000 after purchasing an additional 1,582,874 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HST shares. Oppenheimer raised their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Barclays boosted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. Stifel Nicolaus lifted their price target 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. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Finally, UBS Group cut their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.33.

Insider Buying and Selling at Host Hotels & Resorts

In other 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 of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Stock Down 0.9 %

Host Hotels & Resorts stock traded down $0.17 during mid-day trading on Tuesday, reaching $19.02. The stock had a trading volume of 2,379,908 shares, compared to its average volume of 5,883,228. The company has a 50-day moving average price of $20.23 and a two-hundred day moving average price of $18.96. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 1.68 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.21%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.

Host Hotels & Resorts 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.