881,845 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Acquired by Advisors Capital Management LLC

Advisors Capital Management LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 881,845 shares of the company's stock, valued at approximately $15,450,000. Advisors Capital Management LLC owned about 0.13% of Host Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HST. Sterling Capital Management LLC boosted its holdings in Host Hotels & Resorts by 53.2% in the fourth quarter. Sterling Capital Management LLC now owns 42,585 shares of the company's stock valued at $746,000 after purchasing an additional 14,780 shares during the last quarter. Family Office Research LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter worth approximately $562,000. Covestor Ltd grew its holdings in shares of Host Hotels & Resorts by 102.5% during the fourth quarter. Covestor Ltd now owns 7,052 shares of the company's stock worth $123,000 after buying an additional 3,570 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $7,446,000. Finally, Treasurer of the State of North Carolina lifted its stake in Host Hotels & Resorts by 0.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 314,635 shares of the company's stock worth $5,512,000 after purchasing an additional 1,390 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on HST shares. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $16.00 to $15.00 in a report on Friday, March 21st. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, 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 report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.17.

Host Hotels & Resorts Trading Up 1.9 %

Shares of HST stock traded up $0.25 during mid-day trading on Friday, hitting $13.66. 5,532,413 shares of the company's stock were exchanged, compared to its average volume of 7,936,632. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.47 billion, a price-to-earnings ratio of 13.80 and a beta of 1.26. The stock has a 50-day simple moving average of $15.05 and a two-hundred day simple moving average of $16.76.

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

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

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.