Invesco Ltd. Buys 4,460,468 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Invesco Ltd. grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,555,445 shares of the company's stock after purchasing an additional 4,460,468 shares during the period. Invesco Ltd. owned approximately 3.23% of Host Hotels & Resorts worth $395,171,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Employees Retirement System of Texas raised its holdings in Host Hotels & Resorts by 29.3% during the 4th quarter. Employees Retirement System of Texas now owns 618,000 shares of the company's stock worth $10,827,000 after buying an additional 140,000 shares during the period. Waterloo Capital L.P. acquired a new position in Host Hotels & Resorts in the 4th quarter worth approximately $1,872,000. Russell Investments Group Ltd. grew its position in Host Hotels & Resorts by 71.6% during the 4th quarter. Russell Investments Group Ltd. now owns 3,980,807 shares of the company's stock worth $69,748,000 after purchasing an additional 1,660,341 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Host Hotels & Resorts by 56.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 785,828 shares of the company's stock valued at $13,768,000 after buying an additional 282,726 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth approximately $278,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HST shares. Truist Financial reduced their target price on shares of 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. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, Citigroup lowered their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus target price of $19.17.

Host Hotels & Resorts Trading Down 0.7 %

Shares of HST traded down $0.10 during trading hours on Tuesday, hitting $13.68. 2,194,364 shares of the stock were exchanged, compared to its average volume of 7,906,713. The firm has a market capitalization of $9.48 billion, a P/E ratio of 13.82 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $20.22. The business has a 50-day moving average of $15.23 and a 200-day moving average of $16.84.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.85%. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

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.