Sawtooth Solutions LLC Invests $433,000 in Host Hotels and Resorts Inc (NYSE:HST)

Sawtooth Solutions LLC purchased a new position in Host Hotels and Resorts Inc (NYSE:HST) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,904 shares of the real estate investment trust’s stock, valued at approximately $433,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Doyle Wealth Management acquired a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $33,000. Liberty Wealth Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter valued at approximately $34,000. Pearl River Capital LLC acquired a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $39,000. Exane Asset Management acquired a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $43,000. Finally, Parallel Advisors LLC increased its stake in Host Hotels and Resorts by 129.4% during the 4th quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,737 shares in the last quarter. 97.08% of the stock is owned by hedge funds and other institutional investors.

In other Host Hotels and Resorts news, VP Nathan S. Tyrrell sold 1,685 shares of Host Hotels and Resorts stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.73, for a total transaction of $33,245.05. Following the completion of the sale, the vice president now directly owns 162,713 shares in the company, valued at $3,210,327.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Walter C. Rakowich sold 2,895 shares of Host Hotels and Resorts stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $19.17, for a total transaction of $55,497.15. Following the sale, the director now owns 44,982 shares of the company’s stock, valued at $862,304.94. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

HST has been the topic of a number of research reports. Wolfe Research lowered shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price objective on the stock. in a research note on Tuesday, March 12th. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Tuesday, March 19th. Barclays reiterated a “buy” rating on shares of Host Hotels and Resorts in a research note on Sunday, May 5th. Morgan Stanley set a $18.00 price objective on shares of Host Hotels and Resorts and gave the stock a “sell” rating in a research note on Friday, May 3rd. Finally, Capital One Financial initiated coverage on shares of Host Hotels and Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Host Hotels and Resorts presently has a consensus rating of “Buy” and an average target price of $20.92.

HST stock traded down $0.05 during midday trading on Monday, hitting $18.17. 8,296,900 shares of the stock traded hands, compared to its average volume of 6,935,981. The firm has a market capitalization of $13.50 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 2.01 and a beta of 1.13. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. The company’s fifty day moving average is $18.54. Host Hotels and Resorts Inc has a 1-year low of $15.94 and a 1-year high of $22.06.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that Host Hotels and Resorts Inc will post 1.82 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, June 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

About Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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