Los Angeles Capital Management LLC Sells 549,340 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Los Angeles Capital Management LLC trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,907,409 shares of the company’s stock after selling 549,340 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Host Hotels & Resorts were worth $37,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of HST. CVA Family Office LLC bought a new position in Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust boosted its holdings in 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. Turtle Creek Wealth Advisors LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter worth about $40,000. NBC Securities Inc. acquired a new position in Host Hotels & Resorts during the 3rd quarter valued at about $35,000. Finally, Private Trust Co. NA boosted its stake in shares of Host Hotels & Resorts by 186.1% in the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after purchasing an additional 1,537 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Activity at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of the company’s 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 sale, 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 is available at the SEC website. 1.30% of the stock is currently owned by company insiders.

Host Hotels & Resorts Trading Up 1.1 %

NASDAQ:HST traded up $0.20 during mid-day trading on Friday, hitting $18.65. 6,342,095 shares of the company’s stock were exchanged, compared to its average volume of 6,061,070. 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 current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $13.12 billion, a P/E ratio of 18.26, a PEG ratio of 1.68 and a beta of 1.32. The company has a 50 day simple moving average of $20.14 and a 200-day simple moving average of $18.98.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data 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 business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.56% and a net margin of 13.35%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. As a group, research analysts expect that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. This is an increase 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 78.43%.

Wall Street Analyst Weigh In

HST has been the subject of a number of analyst reports. Stifel Nicolaus lifted 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. UBS Group dropped their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Raymond James boosted their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Oppenheimer upped their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Barclays lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.33.

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.