The Manufacturers Life Insurance Company Purchases 113,761 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

The Manufacturers Life Insurance Company lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 23.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 606,122 shares of the company's stock after purchasing an additional 113,761 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.09% of Host Hotels & Resorts worth $10,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Host Hotels & Resorts by 854.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company's stock valued at $5,750,000 after buying an additional 286,281 shares in the last quarter. PGGM Investments increased its holdings in Host Hotels & Resorts by 2.0% during the 2nd quarter. PGGM Investments now owns 3,113,528 shares of the company's stock valued at $55,981,000 after purchasing an additional 59,772 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Host Hotels & Resorts by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company's stock valued at $11,351,000 after purchasing an additional 32,586 shares during the last quarter. Achmea Investment Management B.V. boosted its stake in Host Hotels & Resorts by 15.6% in the second quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company's stock worth $4,651,000 after purchasing an additional 34,977 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new position in Host Hotels & Resorts in the second quarter worth $1,204,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HST has been the subject of a number of recent research reports. UBS Group dropped their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Truist Financial dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. StockNews.com downgraded shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.32.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.27 during midday trading on Tuesday, reaching $18.66. The stock had a trading volume of 3,432,064 shares, compared to its average volume of 6,806,055. The firm has a market cap of $13.04 billion, a PE ratio of 17.85 and a beta of 1.32. The firm has a 50 day simple moving average of $17.82 and a 200-day simple moving average of $17.66. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The company has a current ratio of 2.90, a quick 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 results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.41 EPS. The firm's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.29%. Host Hotels & Resorts's dividend payout ratio is presently 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.