Allstate Corp Acquires 108,864 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allstate Corp lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 316.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,314 shares of the company's stock after buying an additional 108,864 shares during the quarter. Allstate Corp's holdings in Host Hotels & Resorts were worth $2,511,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Host Hotels & Resorts by 23.1% in the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock worth $10,668,000 after acquiring an additional 113,761 shares during the period. Verition Fund Management LLC boosted its stake in Host Hotels & Resorts by 123.4% in the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after purchasing an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in Host Hotels & Resorts during the 3rd quarter valued at about $540,000. Private Advisor Group LLC bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at about $375,000. Finally, Avanza Fonder AB purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $1,457,000. 98.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HST shares. UBS Group reduced their price objective 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. Truist Financial reduced their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Raymond James lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of "Hold" and a consensus price target of $19.54.

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Host Hotels & Resorts Trading Down 7.9 %

Shares of NASDAQ:HST traded down $1.16 on Thursday, reaching $13.49. 4,481,560 shares of the company traded hands, compared to its average volume of 7,472,569. The stock has a market capitalization of $9.43 billion, a P/E ratio of 13.63 and a beta of 1.30. The business's 50-day simple moving average is $15.91 and its 200 day simple moving average is $17.17. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 52 week low of $13.39 and a 52 week high of $20.73.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.93%. Host Hotels & Resorts's payout ratio is currently 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.