Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 45,518,955 shares of the company’s stock after selling 4,756,297 shares during the quarter. Wellington Management Group LLP owned 0.06% of Host Hotels & Resorts worth $886,254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cornercap Investment Counsel Inc. lifted its holdings in Host Hotels & Resorts by 0.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock worth $1,613,000 after buying an additional 610 shares during the last quarter. Eagle Strategies LLC increased its stake in Host Hotels & Resorts by 2.9% during the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after purchasing an additional 617 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after buying an additional 639 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Host Hotels & Resorts by 0.3% in the 4th quarter. Amalgamated Bank now owns 238,115 shares of the company’s stock valued at $4,636,000 after buying an additional 662 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Host Hotels & Resorts by 6.6% during the 4th quarter. Brown Advisory Inc. now owns 12,566 shares of the company’s stock valued at $245,000 after buying an additional 781 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent research reports. Raymond James raised their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. UBS Group dropped their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company boosted their price target 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 dropped their price objective on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Finally, Truist Financial reduced their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.36.

Insider Activity at Host Hotels & Resorts

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

Host Hotels & Resorts Price Performance

HST traded down $0.48 during trading on Friday, reaching $17.82. The stock had a trading volume of 5,098,967 shares, compared to its average volume of 5,911,947. The stock has a 50 day moving average of $18.66 and a two-hundred day moving average of $19.39. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $12.56 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

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.