Integrated Quantitative Investments LLC bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,700 shares of the company's stock, valued at approximately $380,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Host Hotels & Resorts by 1.9% in the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company's stock valued at $912,056,000 after acquiring an additional 950,431 shares during the last quarter. Norges Bank acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $807,878,000. JPMorgan Chase & Co. boosted its stake in shares of Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock worth $649,076,000 after buying an additional 643,450 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Host Hotels & Resorts by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after acquiring an additional 350,634 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Host Hotels & Resorts by 16.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after acquiring an additional 2,261,877 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.
Host Hotels & Resorts Price Performance
Shares of NASDAQ HST traded down $0.92 during trading hours on Thursday, hitting $13.30. 5,427,143 shares of the stock were exchanged, compared to its average volume of 7,818,175. The company's fifty day simple moving average is $15.40 and its two-hundred day simple moving average is $16.94. The company has a market cap of $9.30 billion, a PE ratio of 13.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $20.59.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is 80.81%.
Analyst Ratings Changes
Several equities analysts recently weighed in on HST shares. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. UBS Group cut their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and an average price target of $19.17.
Read Our Latest Analysis on HST
Host Hotels & Resorts Profile
(
Free Report)
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.
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