Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,002,916 shares of the company's stock after acquiring an additional 3,932,928 shares during the period. Host Hotels & Resorts comprises approximately 1.7% of Cohen & Steers Inc.'s holdings, making the stock its 19th biggest holding. Cohen & Steers Inc. owned about 7.15% of Host Hotels & Resorts worth $876,115,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HST. Savant Capital LLC increased its position in shares of Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after acquiring an additional 634 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in Host Hotels & Resorts by 1.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock worth $1,297,000 after purchasing an additional 746 shares during the last quarter. Ieq Capital LLC increased its holdings in Host Hotels & Resorts by 7.3% during the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock worth $233,000 after purchasing an additional 899 shares during the last quarter. Meridian Financial Partners LLC raised its position in shares of Host Hotels & Resorts by 1.3% in the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock valued at $1,364,000 after purchasing an additional 977 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $36,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Raymond James decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Morgan Stanley raised 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, March 21st. Finally, UBS Group decreased 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 report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $19.17.

Host Hotels & Resorts Stock Performance

HST traded up $0.25 during trading hours on Friday, hitting $13.66. The company's stock had a trading volume of 5,532,413 shares, compared to its average volume of 7,948,612. 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 fifty-two week low of $12.22 and a fifty-two week high of $19.87. The company has a 50-day simple moving average of $14.99 and a 200 day simple moving average of $16.74. The firm has a market capitalization of $9.47 billion, a PE ratio of 13.80 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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 business had revenue of $1.43 billion for 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, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.86%. Host Hotels & Resorts's payout ratio is 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.