Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,253,516 shares of the company's stock after acquiring an additional 350,634 shares during the quarter. Geode Capital Management LLC owned 2.75% of Host Hotels & Resorts worth $336,539,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of HST. State Street Corp lifted its stake in shares of Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company's stock worth $912,056,000 after buying an additional 950,431 shares in the last quarter. Norges Bank purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $807,878,000. JPMorgan Chase & Co. lifted its position in Host Hotels & Resorts by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Host Hotels & Resorts by 16.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock worth $278,554,000 after acquiring an additional 2,261,877 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Host Hotels & Resorts by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company's stock worth $181,685,000 after buying an additional 69,198 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

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Host Hotels & Resorts Stock Performance

Shares of HST stock traded down $0.99 during mid-day trading on Thursday, hitting $13.23. 4,268,638 shares of the stock were exchanged, compared to its average volume of 7,813,451. The stock's fifty day simple moving average is $15.40 and its two-hundred day simple moving average is $16.94. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $20.59. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 13.39 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. On average, analysts forecast 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 6.05%. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group lowered their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Truist Financial reduced their price target 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. Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Wednesday. Two equities research 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.