KLP Kapitalforvaltning AS Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

KLP Kapitalforvaltning AS bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 534,166 shares of the company's stock, valued at approximately $9,495,000. KLP Kapitalforvaltning AS owned about 0.08% of Host Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Knights of Columbus Asset Advisors LLC lifted its holdings in Host Hotels & Resorts by 1.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 500,362 shares of the company's stock worth $8,766,000 after buying an additional 9,028 shares during the last quarter. Sei Investments Co. lifted its stake in Host Hotels & Resorts by 14.5% during the fourth quarter. Sei Investments Co. now owns 2,977,338 shares of the company's stock worth $52,164,000 after purchasing an additional 377,439 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in Host Hotels & Resorts by 45.2% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 12,200 shares of the company's stock worth $213,000 after purchasing an additional 3,800 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Host Hotels & Resorts by 36.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 375,354 shares of the company's stock valued at $6,576,000 after purchasing an additional 100,523 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $149,000. Institutional investors and hedge funds own 98.52% of the company's stock.

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Analysts Set New Price Targets

HST has been the subject of several research reports. UBS Group decreased their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Truist Financial dropped their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Finally, Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.54.

Host Hotels & Resorts Trading Down 0.4 %

Shares of Host Hotels & Resorts stock traded down $0.07 on Wednesday, reaching $14.74. 4,071,545 shares of the company were exchanged, compared to its average volume of 8,717,685. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $20.85. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 14.90 and a beta of 1.30. The stock has a fifty day moving average price of $16.23 and a 200-day moving average price of $17.28.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating 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 analyst estimates of $1.37 billion. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business 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 5.43%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Host Hotels & Resorts 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.