Kennedy Capital Management LLC Invests $7.45 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Kennedy Capital Management LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 425,024 shares of the company's stock, valued at approximately $7,446,000. Kennedy Capital Management LLC owned about 0.06% of Host Hotels & Resorts as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service bought a new stake in Host Hotels & Resorts in the fourth quarter worth $26,000. Jones Financial Companies Lllp boosted its stake in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts in the fourth quarter worth about $40,000. Finally, Eastern Bank purchased a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $45,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.19 on Tuesday, reaching $13.59. The company's stock had a trading volume of 8,300,142 shares, compared to its average volume of 7,940,037. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $9.42 billion, a P/E ratio of 13.73 and a beta of 1.26. The stock has a 50-day moving average price of $15.23 and a 200-day moving average price of $16.84. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.87.

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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 for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS 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. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HST shares. Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Friday, March 21st. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Raymond James reduced their target price 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.17.

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.