Headlands Technologies LLC cut its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 69.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,595 shares of the company's stock after selling 56,886 shares during the quarter. Headlands Technologies LLC's holdings in Host Hotels & Resorts were worth $448,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $807,878,000. KBC Group NV grew its position in Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock valued at $98,305,000 after acquiring an additional 3,412,589 shares during the period. Daiwa Securities Group Inc. grew its stake in Host Hotels & Resorts by 16.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock worth $278,554,000 after buying an additional 2,261,877 shares during the period. Prudential Financial Inc. boosted its position in Host Hotels & Resorts by 75.0% during the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company's stock worth $58,590,000 after purchasing an additional 1,432,772 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in Host Hotels & Resorts by 92.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock valued at $48,652,000 after acquiring an additional 1,331,407 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.
Host Hotels & Resorts Price Performance
Shares of NASDAQ:HST traded up $1.52 during trading on Wednesday, reaching $14.22. The stock had a trading volume of 20,127,463 shares, compared to its average volume of 7,826,264. The business's 50-day moving average price is $15.40 and its 200 day moving average price is $16.94. 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 52 week low of $12.22 and a 52 week high of $20.59. The stock has a market capitalization of $9.94 billion, a PE ratio of 14.36 and a beta of 1.26.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 5.63%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on HST. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $20.00 to $14.00 in a research note on Wednesday. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $19.17.
Get Our Latest Stock Report on HST
About Host Hotels & Resorts
(
Free Report)
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.
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