Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 202.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 156,768 shares of the company's stock after acquiring an additional 104,884 shares during the period. Commonwealth Equity Services LLC's holdings in Host Hotels & Resorts were worth $2,747,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in shares of Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock valued at $10,668,000 after purchasing an additional 113,761 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after purchasing an additional 36,278 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Host Hotels & Resorts in the third quarter valued at $540,000. Private Advisor Group LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $375,000. Finally, Avanza Fonder AB purchased a new stake in Host Hotels & Resorts during the 4th quarter worth about $1,457,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.26 during trading hours on Friday, reaching $14.27. 8,374,575 shares of the stock were exchanged, compared to its average volume of 7,430,127. The stock has a market cap of $9.98 billion, a P/E ratio of 14.41 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 52-week low of $14.15 and a 52-week high of $20.85. The firm's 50 day moving average is $16.07 and its 200 day moving average is $17.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Remove Ads

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm 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. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $16.00 to $15.00 in a report on Friday, March 21st. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $19.54.

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.