M&T Bank Corp Has $1.87 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

M&T Bank Corp lessened its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,967 shares of the company’s stock after selling 1,181 shares during the period. M&T Bank Corp’s holdings in Host Hotels & Resorts were worth $1,868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC lifted its position in shares of Host Hotels & Resorts by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 148,117 shares of the company’s stock valued at $2,380,000 after acquiring an additional 2,779 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Host Hotels & Resorts by 11.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 419,355 shares of the company’s stock worth $6,739,000 after purchasing an additional 42,945 shares in the last quarter. IFM Investors Pty Ltd increased its position in Host Hotels & Resorts by 2.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 153,724 shares of the company’s stock valued at $2,470,000 after buying an additional 4,267 shares in the last quarter. ING Groep NV raised its stake in Host Hotels & Resorts by 77.7% during the 3rd quarter. ING Groep NV now owns 407,536 shares of the company’s stock worth $6,549,000 after buying an additional 178,136 shares during the period. Finally, Assetmark Inc. boosted its holdings in Host Hotels & Resorts by 3.7% in the third quarter. Assetmark Inc. now owns 173,399 shares of the company’s stock worth $2,787,000 after acquiring an additional 6,155 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Activity

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 transaction, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at $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 owned by company insiders.

Host Hotels & Resorts Stock Up 1.0 %

HST stock opened at $18.42 on Friday. The stock has a market cap of $12.96 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.64 and a beta of 1.32. The company has a current ratio of 6.66, a quick ratio of 3.29 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $20.00 and its two-hundred day simple moving average is $19.07. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.59% and a net margin of 13.35%. Host Hotels & Resorts’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. Analysts expect that Host Hotels & Resorts, Inc. will post 2 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders 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 yield of 4.34%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Analyst Upgrades and Downgrades

HST has been the topic of a number of research reports. Truist Financial upped their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Barclays upped their target price 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. Finally, Raymond James lifted their price target 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. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.29.

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.