Legacy Wealth Asset Management LLC Acquires 579 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Legacy Wealth Asset Management LLC lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,774 shares of the company’s stock after purchasing an additional 579 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Host Hotels & Resorts were worth $326,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Miller Howard Investments Inc. NY bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $38,873,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $1,214,000. Illinois Municipal Retirement Fund increased its holdings in shares of Host Hotels & Resorts by 61.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after purchasing an additional 251,112 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Host Hotels & Resorts by 7.6% in the fourth quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock worth $33,297,000 after purchasing an additional 120,555 shares during the last quarter. Finally, Gillson Capital LP bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $9,344,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.68 on Friday. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66. The firm has a market cap of $12.47 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 1.55 and a beta of 1.33. The firm’s fifty day moving average is $18.22 and its two-hundred day moving average is $19.36.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HST has been the subject of several recent research reports. Truist Financial dropped their price target on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, March 21st. Raymond James boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Wedbush reissued an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Finally, Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.36.

Host Hotels & Resorts Company 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.