Envestnet Portfolio Solutions Inc. Buys 6,131 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Envestnet Portfolio Solutions Inc. grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 25.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,795 shares of the company’s stock after buying an additional 6,131 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Host Hotels & Resorts were worth $580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. Panagora Asset Management Inc. increased its holdings in Host Hotels & Resorts by 1.0% during the third quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company’s stock valued at $1,086,000 after buying an additional 658 shares during the last quarter. M&T Bank Corp increased its stake in shares of Host Hotels & Resorts by 3.8% in the 3rd quarter. M&T Bank Corp now owns 97,148 shares of the company’s stock worth $1,561,000 after purchasing an additional 3,601 shares in the last quarter. California Public Employees Retirement System raised its holdings in Host Hotels & Resorts by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,460,992 shares of the company’s stock worth $23,478,000 after purchasing an additional 42,446 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in Host Hotels & Resorts by 18.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock valued at $324,000 after purchasing an additional 3,182 shares in the last quarter. Finally, Lmcg Investments LLC grew its holdings in Host Hotels & Resorts by 2.1% during the third quarter. Lmcg Investments LLC now owns 54,342 shares of the company’s stock valued at $873,000 after purchasing an additional 1,122 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were 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 in the company, valued at approximately $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HST shares. UBS Group decreased their price objective 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 upped their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Truist Financial increased their price objective 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. Stifel Nicolaus upped 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. Finally, Barclays raised their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

Host Hotels & Resorts Price Performance

HST stock opened at $18.34 on Wednesday. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The firm has a market capitalization of $12.93 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The company has a fifty day simple moving average of $19.56 and a two-hundred day simple moving average of $19.27. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate 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%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. Analysts anticipate that Host Hotels & Resorts, Inc. will post 2.01 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend 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 is presently 78.43%.

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.