HGI Capital Management LLC Makes New $4.54 Million Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

HGI Capital Management LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 258,887 shares of the company's stock, valued at approximately $4,536,000. Host Hotels & Resorts comprises about 4.7% of HGI Capital Management LLC's holdings, making the stock its 8th biggest holding.

Several other large investors have also recently modified their holdings of HST. Invst LLC raised its holdings in Host Hotels & Resorts by 6.7% during the 3rd quarter. Invst LLC now owns 37,581 shares of the company's stock valued at $661,000 after buying an additional 2,376 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in Host Hotels & Resorts by 23.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company's stock worth $467,000 after buying an additional 4,870 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $182,000. Tidal Investments LLC increased its stake in shares of Host Hotels & Resorts by 27.1% during the third quarter. Tidal Investments LLC now owns 31,038 shares of the company's stock valued at $546,000 after buying an additional 6,611 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Host Hotels & Resorts by 42.9% during the fourth quarter. GAMMA Investing LLC now owns 12,275 shares of the company's stock valued at $215,000 after acquiring an additional 3,684 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial cut their target price 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. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $19.17.

Host Hotels & Resorts Price Performance

HST traded up $0.25 on Friday, hitting $13.66. 5,532,413 shares of the company's stock traded hands, compared to its average volume of 7,964,684. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.87. 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 firm has a market cap of $9.47 billion, a price-to-earnings ratio of 13.80 and a beta of 1.26. The company's 50 day simple moving average is $14.99 and its 200-day simple moving average is $16.73.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. 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 dividend payout ratio is currently 80.81%.

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.