New Age Alpha Advisors LLC Acquires New Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

New Age Alpha Advisors LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 102,747 shares of the company's stock, valued at approximately $1,800,000.

Other large investors have also modified their holdings of the company. State Street Corp boosted its position in shares of Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company's stock worth $912,056,000 after purchasing an additional 950,431 shares during the period. Norges Bank purchased a new position in shares of Host Hotels & Resorts during the fourth quarter worth $807,878,000. JPMorgan Chase & Co. grew its stake in shares of Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after buying an additional 643,450 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Host Hotels & Resorts by 1.0% in the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company's stock valued at $331,698,000 after buying an additional 180,904 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after buying an additional 2,261,877 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded down $1.22 during mid-day trading on Thursday, reaching $13.43. 7,615,557 shares of the stock were exchanged, compared to its average volume of 7,485,060. The stock has a market capitalization of $9.39 billion, a P/E ratio of 13.57 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1 year low of $13.39 and a 1 year high of $20.73. The company has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $17.17. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

HST has been the subject of several research reports. Truist Financial dropped their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. UBS Group dropped their price objective 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. Citigroup reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Raymond James dropped 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 research note on Tuesday, February 18th. Finally, Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.54.

About Host Hotels & Resorts

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.