PGGM Investments Invests $57.66 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

PGGM Investments purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,961,709 shares of the company’s stock, valued at approximately $57,664,000.

Several other institutional investors have also modified their holdings of the stock. Cornercap Investment Counsel Inc. raised its holdings in shares of 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 acquiring an additional 610 shares during the period. Eagle Strategies LLC increased its position in shares of Host Hotels & Resorts by 2.9% during the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock worth $420,000 after purchasing an additional 617 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Panagora Asset Management Inc. now owns 67,550 shares of the company’s stock worth $1,086,000 after purchasing an additional 658 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of Host Hotels & Resorts by 0.3% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 279,681 shares of the company’s stock worth $4,494,000 after purchasing an additional 715 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 0.2 %

HST stock traded down $0.03 during trading on Friday, hitting $18.86. 3,952,161 shares of the company’s stock were exchanged, compared to its average volume of 4,460,994. The business has a 50-day moving average price of $20.24 and a two-hundred day moving average price of $18.90. The stock has a market capitalization of $13.27 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 1.68 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-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.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. Host Hotels & Resorts’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.97 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. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.24%. Host Hotels & Resorts’s payout ratio is presently 76.92%.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value 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 $46,826,140.08. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James raised their price objective 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. Jefferies Financial Group raised their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Stifel Nicolaus raised their price objective on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. UBS Group cut their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Finally, Truist Financial raised their price objective 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.33.

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.