BI Asset Management Fondsmaeglerselskab A S Takes $1.08 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 61,722 shares of the company's stock, valued at approximately $1,081,000.

Other institutional investors also recently bought and sold shares of the company. Invst LLC grew its holdings in shares of Host Hotels & Resorts by 6.7% during the third quarter. Invst LLC now owns 37,581 shares of the company's stock valued at $661,000 after buying an additional 2,376 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Host Hotels & Resorts by 23.5% in the third quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company's stock worth $467,000 after purchasing an additional 4,870 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Host Hotels & Resorts during the third quarter valued at $182,000. Tidal Investments LLC boosted its position in shares of Host Hotels & Resorts by 27.1% during the third quarter. Tidal Investments LLC now owns 31,038 shares of the company's stock valued at $546,000 after buying an additional 6,611 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Host Hotels & Resorts by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 12,275 shares of the company's stock worth $215,000 after buying an additional 3,684 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 equities analysts have issued reports on the stock. Truist Financial lowered their target price 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. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley reduced their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, 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. Two investment 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. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $19.10.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $13.82 on Wednesday. The stock has a market cap of $9.58 billion, a PE ratio of 13.96 and a beta of 1.26. 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 business's 50-day simple moving average is $14.88 and its two-hundred day simple moving average is $16.68. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.87.

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 the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.79%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

About Host Hotels & Resorts

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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