OVERSEA CHINESE BANKING Corp Ltd Purchases 62,271 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 37.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 229,892 shares of the company's stock after purchasing an additional 62,271 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in Host Hotels & Resorts were worth $4,028,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock worth $121,318,000 after buying an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Host Hotels & Resorts by 66.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock valued at $240,017,000 after acquiring an additional 5,466,629 shares during the last quarter. KBC Group NV lifted its stake in shares of Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock valued at $98,305,000 after purchasing an additional 3,412,589 shares during the period. Duff & Phelps Investment Management Co. boosted its position in shares of Host Hotels & Resorts by 92.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock worth $48,652,000 after purchasing an additional 1,331,407 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $17,586,000. 98.52% of the stock is owned by institutional investors.

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Host Hotels & Resorts Stock Up 2.2 %

Host Hotels & Resorts stock traded up $0.33 during midday trading on Monday, reaching $15.02. The stock had a trading volume of 6,922,189 shares, compared to its average volume of 7,090,975. Host Hotels & Resorts, Inc. has a 1-year low of $14.25 and a 1-year high of $20.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The firm's fifty day simple moving average is $16.32 and its 200-day simple moving average is $17.31. The stock has a market capitalization of $10.50 billion, a P/E ratio of 15.17 and a beta of 1.30.

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, beating analysts' consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate 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, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of equities analysts have issued reports on HST shares. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Friday. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus target price of $19.54.

About Host Hotels & Resorts

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.