Family Office Research LLC Invests $562,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Family Office Research LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,098 shares of the company's stock, valued at approximately $562,000.

A number of other hedge funds also recently made changes to their positions in HST. Norges Bank acquired a new position in Host Hotels & Resorts during the fourth quarter worth $807,878,000. Invesco Ltd. raised its stake in Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after acquiring an additional 4,460,468 shares during the period. KBC Group NV boosted its holdings in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after buying an additional 3,412,589 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Host Hotels & Resorts by 16.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after purchasing an additional 2,261,877 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Host Hotels & Resorts by 71.6% during the fourth quarter. Russell Investments Group Ltd. now owns 3,980,807 shares of the company's stock valued at $69,748,000 after buying an additional 1,660,341 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Down 1.4 %

Shares of HST traded down $0.19 during mid-day trading on Tuesday, reaching $13.59. The company had a trading volume of 8,300,134 shares, compared to its average volume of 7,930,346. The firm has a fifty day simple moving average of $15.23 and a 200-day simple moving average of $16.84. 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 current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 13.73 and a beta of 1.26.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating 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, sell-side 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Analyst Ratings Changes

A number of brokerages recently commented on HST. Wells Fargo & Company decreased their target price on shares of 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. Raymond James lowered 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. UBS Group decreased their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Truist Financial cut their target price on 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. Finally, Citigroup reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $19.17.

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.