LPL Financial LLC Increases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

LPL Financial LLC grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 72.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,430 shares of the company's stock after purchasing an additional 55,971 shares during the period. LPL Financial LLC's holdings in Host Hotels & Resorts were worth $2,338,000 as of its most recent SEC filing.

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

Host Hotels & Resorts Stock Performance

HST traded down $0.19 during trading on Tuesday, hitting $13.59. 8,300,142 shares of the stock were exchanged, compared to its average volume of 7,940,037. The firm has a market capitalization of $9.42 billion, a P/E ratio of 13.73 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.87. The stock has a fifty day moving average price of $15.17 and a two-hundred day moving average price of $16.81. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The firm 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%. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share 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 dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Truist Financial dropped their price target 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. Raymond James cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Citigroup reduced 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. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $19.17.

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.