JPMorgan Chase & Co. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

JPMorgan Chase & Co. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,047,730 shares of the company's stock after purchasing an additional 643,450 shares during the quarter. JPMorgan Chase & Co. owned approximately 5.30% of Host Hotels & Resorts worth $649,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HST. Freedom Investment Management Inc. raised its position in Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock worth $380,000 after purchasing an additional 625 shares during the last quarter. Savant Capital LLC lifted its position in Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock valued at $428,000 after purchasing an additional 634 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after purchasing an additional 746 shares during the last quarter. Ieq Capital LLC lifted its holdings in Host Hotels & Resorts by 7.3% in the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after buying an additional 899 shares during the period. Finally, Meridian Financial Partners LLC raised its position in shares of Host Hotels & Resorts by 1.3% during the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock valued at $1,364,000 after acquiring an additional 977 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

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Host Hotels & Resorts Trading Up 0.7 %

HST traded up $0.11 on Wednesday, hitting $14.55. 3,471,289 shares of the company were exchanged, compared to its average volume of 7,440,540. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 12 month low of $13.83 and a 12 month high of $20.73. The firm has a fifty day simple moving average of $15.96 and a two-hundred day simple moving average of $17.19. The stock has a market capitalization of $10.17 billion, a PE ratio of 14.68 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.50%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.

Analyst Ratings Changes

Several brokerages have commented on HST. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Raymond James dropped their price objective 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, Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.54.

Host Hotels & Resorts Company 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.