Host Hotels & Resorts, Inc. (NASDAQ:HST) Holdings Raised by abrdn plc

abrdn plc raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 18.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,461,109 shares of the company's stock after purchasing an additional 226,310 shares during the period. abrdn plc owned 0.21% of Host Hotels & Resorts worth $25,547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of HST. State Street Corp boosted its holdings in 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 purchasing an additional 950,431 shares during the period. Geode Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company's stock worth $331,698,000 after buying an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock valued at $240,017,000 after buying an additional 5,466,629 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company's stock valued at $181,296,000 after buying an additional 181,103 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Host Hotels & Resorts by 537.4% during 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 last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded up $0.07 during trading hours on Friday, hitting $16.76. 8,154,135 shares of the company traded hands, compared to its average volume of 7,533,193. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The firm has a market cap of $11.72 billion, a P/E ratio of 16.27 and a beta of 1.30. The firm's 50-day simple moving average is $17.61 and its two-hundred day simple moving average is $17.51. 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 (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 77.67%.

Analysts Set New Price Targets

HST has been the topic of a number of recent research reports. Compass Point raised shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. StockNews.com downgraded Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group reduced 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 report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $20.96.

Host Hotels & Resorts Profile

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.