APG Asset Management US Inc. Acquires 957,053 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

APG Asset Management US Inc. lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 85.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,078,389 shares of the company's stock after buying an additional 957,053 shares during the quarter. APG Asset Management US Inc. owned about 0.30% of Host Hotels & Resorts worth $36,413,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. National Pension Service purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp increased its stake in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $40,000. Finally, Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.19 during trading hours on Monday, hitting $13.52. The stock had a trading volume of 3,435,131 shares, compared to its average volume of 7,899,512. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $20.22. The company has a market cap of $9.45 billion, a PE ratio of 13.66 and a beta of 1.26. The company has a 50-day moving average of $15.28 and a two-hundred day moving average of $16.87. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

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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 for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.92%. Host Hotels & Resorts's payout ratio is presently 80.81%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HST shares. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James reduced their price target 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. 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 note on Friday, March 21st. Citigroup decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $19.17.

Host Hotels & Resorts Company 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.