Caisse Des Depots ET Consignations Makes New Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Caisse Des Depots ET Consignations acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 168,793 shares of the company's stock, valued at approximately $2,957,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in HST. National Pension Service bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at $26,000. Jones Financial Companies Lllp grew its holdings in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after acquiring an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at $40,000. Finally, Eastern Bank acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $45,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Up 0.5 %

NASDAQ:HST traded up $0.08 during mid-day trading on Monday, reaching $14.15. The stock had a trading volume of 2,172,559 shares, compared to its average volume of 7,410,638. The stock has a market cap of $9.89 billion, a P/E ratio of 14.24 and a beta of 1.30. The business's 50 day moving average is $16.07 and its 200 day moving average is $17.23. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $20.85.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.66%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HST. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and cut their price objective for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Truist Financial cut their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, Citigroup decreased their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.54.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.