KBC Group NV Grows Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

KBC Group NV raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 207.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,198,392 shares of the company's stock after acquiring an additional 1,484,370 shares during the quarter. KBC Group NV owned about 0.31% of Host Hotels & Resorts worth $38,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC increased its holdings in shares of Host Hotels & Resorts by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company's stock worth $414,000 after purchasing an additional 5,124 shares during the period. Empowered Funds LLC increased its holdings in shares of Host Hotels & Resorts by 14.6% in the first quarter. Empowered Funds LLC now owns 41,347 shares of the company's stock worth $855,000 after purchasing an additional 5,280 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Host Hotels & Resorts by 23.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company's stock worth $4,224,000 after purchasing an additional 39,340 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of Host Hotels & Resorts by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company's stock worth $18,247,000 after purchasing an additional 34,179 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Host Hotels & Resorts by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,050 shares of the company's stock worth $26,885,000 after purchasing an additional 152,337 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

HST stock traded down $0.20 on Friday, hitting $17.26. The company had a trading volume of 12,826,428 shares, compared to its average volume of 6,835,031. The stock's 50-day simple moving average is $17.71 and its 200 day simple moving average is $17.72. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business's revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 77.67%.

Analyst Ratings Changes

HST has been the topic of several research analyst reports. StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, September 4th. Robert W. Baird cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and cut their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.21.

About Host Hotels & Resorts

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.