Aigen Investment Management LP Takes $639,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Aigen Investment Management LP bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 36,323 shares of the company's stock, valued at approximately $639,000.

Several other large investors have also recently bought and sold shares of HST. BROOKFIELD Corp ON acquired a new position in Host Hotels & Resorts during the first quarter worth $25,000. Blue Trust Inc. boosted its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company's stock worth $26,000 after acquiring an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the 2nd quarter worth approximately $30,000. Farther Finance Advisors LLC raised its position in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock valued at $50,000 after purchasing an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Host Hotels & Resorts in the second quarter valued at about $51,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

HST stock traded down $0.47 during midday trading on Thursday, reaching $17.53. 5,107,817 shares of the company were exchanged, compared to its average volume of 6,783,060. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The business has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $17.73. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the company posted $0.41 earnings per share. The company's revenue was up 8.6% on a year-over-year basis. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.56%. Host Hotels & Resorts's dividend payout ratio (DPR) is 77.67%.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of research reports. Compass Point raised shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Evercore ISI cut their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 13th. StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Wells Fargo & Company decreased their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and an average target price of $21.29.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.