National Bank of Canada FI boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 130.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 826,901 shares of the company's stock after acquiring an additional 468,339 shares during the period. National Bank of Canada FI owned 0.12% of Host Hotels & Resorts worth $14,487,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth $26,000. Jones Financial Companies Lllp raised its holdings in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Finally, Eastern Bank bought a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $45,000. Institutional investors own 98.52% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on HST. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Citigroup decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the company from $20.00 to $14.00 in a report on Wednesday. Finally, UBS Group dropped their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $19.17.
Check Out Our Latest Stock Report on HST
Host Hotels & Resorts Trading Down 7.0 %
Shares of NASDAQ:HST traded down $0.99 during trading on Thursday, reaching $13.23. 4,268,638 shares of the company were exchanged, compared to its average volume of 7,813,451. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $20.59. The firm has a market capitalization of $9.25 billion, a PE ratio of 13.39 and a beta of 1.26. The business's fifty day simple moving average is $15.40 and its 200-day simple moving average is $16.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.05%. Host Hotels & Resorts's payout ratio is 80.81%.
About Host Hotels & Resorts
(
Free Report)
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.
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