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

Geode Capital Management LLC lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,902,882 shares of the company's stock after buying an additional 180,904 shares during the period. Geode Capital Management LLC owned approximately 2.70% of Host Hotels & Resorts worth $331,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock valued at $121,318,000 after buying an additional 5,811,722 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock valued at $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. KBC Group NV increased its stake in shares of Host Hotels & Resorts by 207.9% during the third quarter. KBC Group NV now owns 2,198,392 shares of the company's stock worth $38,692,000 after acquiring an additional 1,484,370 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after purchasing an additional 1,339,458 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in Host Hotels & Resorts by 92.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock valued at $48,652,000 after purchasing an additional 1,331,407 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HST. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research report on Friday, November 22nd. UBS Group dropped their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Friday, November 15th. Truist Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a research report on Monday, December 9th. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and increased their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.39.

Host Hotels & Resorts Price Performance

Shares of HST traded down $0.24 during mid-day trading on Friday, reaching $18.58. 4,514,379 shares of the company's stock were exchanged, compared to its average volume of 6,816,773. The company has a 50-day simple moving average of $17.97 and a two-hundred day simple moving average of $17.69. The company has a market cap of $12.99 billion, a price-to-earnings ratio of 18.04 and a beta of 1.32. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the business posted $0.41 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.31%. Host Hotels & Resorts's dividend payout ratio (DPR) is 77.67%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.