Commerce Bank reduces its position in Host Hotels & Resorts, Inc. (NASDAQ:HST)


Commerce Bank reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ: HSTGet a rating) by 2.4% in the 1st quarter, according to the company in its most recent communication to the Securities & Exchange Commission. The fund held 28,262 shares of the company after selling 707 shares during the quarter. Commerce Bank’s holdings in Host Hotels & Resorts were worth $549,000 when it last filed with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently changed their HST holdings. Riverview Trust Co increased its stake in shares of Host Hotels & Resorts by 83.6% in the first quarter. Riverview Trust Co now owns 2,389 shares of the company worth $46,000 after purchasing an additional 1,088 shares in the last quarter. CWM LLC purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter, valued at approximately $48,000. UMB Bank NA MO purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter, valued at approximately $50,000. Rockefeller Capital Management LP increased its position in Host Hotels & Resorts shares by 80.4% during the fourth quarter. Rockefeller Capital Management LP now owns 3,030 shares of the company valued at $52,000 after acquiring 1,350 additional shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Host Hotels & Resorts shares by 59.5% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,693 shares of the company valued at $94,000 after acquiring an additional 1,750 shares in the last quarter.

Analysts set new price targets

A number of brokerages have recently commented on the HST. StockNews.com upgraded Host Hotels & Resorts from a “selling” rating to a “holding” rating in a Tuesday, May 10 research report. Citigroup raised its price target on Host Hotels & Resorts to $22.00 in a research report Monday. Truist Financial raised its price target on Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “holding” rating in a Wednesday, June 1 research report. Deutsche Bank Aktiengesellschaft raised its price target on Host Hotels & Resorts from $23.00 to $26.00 in a Friday, May 6 research report. Finally, Barclays reduced its target price on Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a Thursday, July 7 research report. Five equity research analysts gave the stock a hold rating and six gave the stock a buy rating. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.83.

Price performance of host hotels and resorts

Stock Host Hotels & Resorts opened at $19.52 on Wednesday. Host Hotels & Resorts, Inc. has a one-year minimum of $14.67 and a one-year maximum of $21.63. The company has a fifty-day moving average price of $17.49 and a 200-day moving average price of $17.94. The company has a debt ratio of 0.62, a current ratio of 11.29 and a quick ratio of 11.29. The company has a market capitalization of $13.95 billion, a P/E ratio of 24.40 and a beta of 1.24.

Host hotels and resorts (NASDAQ: HSTGet a rating) last released its quarterly results on Wednesday, August 3. The company reported EPS of $0.36 for the quarter, missing analyst consensus estimates of $0.48 per ($0.12). Host Hotels & Resorts achieved a return on equity of 8.86% and a net margin of 13.34%. In the same period a year earlier, the company had earned earnings per share of $0.12. As a group, equity research analysts expect Host Hotels & Resorts, Inc. to post EPS of 1.78 for the current year.

Host Hotels & Resorts increases its dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17. Shareholders of record on Friday, September 30 will receive a dividend of $0.12 per share. This is an increase from Host Hotels & Resorts’ previous quarterly dividend of $0.06. This represents a dividend of $0.48 on an annualized basis and a yield of 2.46%. Host Hotels & Resorts’ dividend payout ratio (DPR) is currently 30.00%.

Insider Buying and Selling at Host Hotels and Resorts

In other news Host Hotels & Resorts, Director Walter C. Rakowich sold 3,290 shares of the company in a transaction dated Friday, May 20. The stock was sold at an average price of $19.61, for a total transaction of $64,516.90. Following the sale, the administrator now owns 53,083 shares of the company, valued at $1,040,957.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. In other Host Hotels & Resorts news, Vice Chairman Nathan S. Tyrrell sold 10,707 shares of the company in a trade dated Tuesday, June 7. The stock was sold at an average price of $21.00, for a total transaction of $224,847.00. Following the sale, the vice president now owns 379,285 shares of the company, valued at $7,964,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Additionally, director Walter C. Rakowich sold 3,290 shares of the company in a trade dated Friday, May 20. The shares were sold at an average price of $19.61, for a total value of $64,516.90. As a result of the sale, the administrator now owns 53,083 shares of the company, valued at approximately $1,040,957.63. Disclosure of this sale can be found here. Insiders of the company own 1.20% of the shares of the company.

About Host Hotels and Resorts

(Get a rating)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest accommodation real estate investment trust and one of the largest owners of luxury and upscale hotels. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

See also

Want to see which other hedge funds hold HST? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Host Hotels & Resorts, Inc. (NASDAQ: HSTGet a rating).

Institutional Ownership by Quarter for Host Hotels and Resorts (NASDAQ:HST)



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