APG Asset Management N.V. purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 381,900 shares of the company's stock, valued at approximately $6,462,000. APG Asset Management N.V. owned approximately 0.05% of Host Hotels & Resorts as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $375,000. Avanza Fonder AB bought a new position in shares of Host Hotels & Resorts during the 4th quarter worth $1,457,000. Vert Asset Management LLC increased its stake in shares of Host Hotels & Resorts by 9.4% during the fourth quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock valued at $5,421,000 after buying an additional 26,678 shares during the period. IFP Advisors Inc raised its holdings in shares of Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after acquiring an additional 2,493 shares in the last quarter. Finally, KBC Group NV lifted its stake in Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after acquiring an additional 3,412,589 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Stock Performance
NASDAQ HST traded down $0.19 on Tuesday, hitting $13.59. 8,300,142 shares of the company's stock traded hands, compared to its average volume of 7,940,037. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.87. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.73 and a beta of 1.26. The firm's 50-day moving average price is $15.23 and its two-hundred day moving average price is $16.84.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating 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 net margin of 12.26% and a return on equity of 10.37%. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 5.89%. Host Hotels & Resorts's payout ratio is 80.81%.
Analyst Ratings Changes
HST has been the topic of a number of research reports. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Wells Fargo & Company reduced 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. Raymond James dropped their target price 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. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Citigroup dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $19.17.
Read Our Latest Report on Host Hotels & Resorts
About Host Hotels & Resorts
(
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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