FIL Ltd Purchases 72,749 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

FIL Ltd grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 47.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 225,456 shares of the company's stock after buying an additional 72,749 shares during the quarter. FIL Ltd's holdings in Host Hotels & Resorts were worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. National Pension Service bought a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $26,000. Jones Financial Companies Lllp increased its position in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts during the fourth quarter valued at about $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HST has been the topic of several research reports. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Citigroup cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Raymond James reduced their target price 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. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Two 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 company. According to MarketBeat, Host Hotels & Resorts has a consensus rating of "Hold" and an average target price of $19.17.

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Host Hotels & Resorts Stock Down 1.4 %

NASDAQ HST traded down $0.19 during trading on Tuesday, reaching $13.59. 8,300,142 shares of the company's stock were exchanged, compared to its average volume of 7,940,037. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87. The company's fifty day simple moving average is $15.17 and its 200-day simple moving average is $16.81. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.73 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted 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. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Host Hotels & Resorts Company 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.