Cibc World Markets Corp Purchases 32,679 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cibc World Markets Corp boosted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,810 shares of the company's stock after purchasing an additional 32,679 shares during the period. Cibc World Markets Corp's holdings in Host Hotels & Resorts were worth $5,498,000 as of its most recent SEC filing.

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

Host Hotels & Resorts Trading Up 2.2 %

Shares of HST traded up $0.33 during mid-day trading on Monday, reaching $15.02. The company's stock had a trading volume of 6,922,189 shares, compared to its average volume of 7,090,975. Host Hotels & Resorts, Inc. has a 52 week low of $14.25 and a 52 week high of $20.98. The stock has a market cap of $10.50 billion, a PE ratio of 15.17 and a beta of 1.30. The company's fifty day moving average price is $16.32 and its two-hundred day moving average price is $17.31. The company has a current ratio of 1.91, a quick ratio of 2.90 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 the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 5.33%. Host Hotels & Resorts's payout ratio is 80.81%.

Wall Street Analysts Forecast Growth

HST has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Raymond James decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $16.00 to $15.00 in a research report on Friday. Citigroup cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $19.54.

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.