Norges Bank Acquires Shares of 46,111,735 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Norges Bank purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 46,111,735 shares of the company's stock, valued at approximately $807,878,000. Norges Bank owned 6.60% of Host Hotels & Resorts at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HST shares. Raymond James dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Citigroup reduced their target price 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 dropped their price target 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. Finally, Truist Financial reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $19.54.

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Host Hotels & Resorts Trading Up 1.9 %

Shares of NASDAQ:HST traded up $0.27 during trading on Tuesday, reaching $14.48. 2,967,328 shares of the company traded hands, compared to its average volume of 7,420,108. The firm has a market capitalization of $10.12 billion, a price-to-earnings ratio of 14.61 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The business's fifty day moving average is $16.01 and its 200-day moving average is $17.21. Host Hotels & Resorts, Inc. has a 52-week low of $13.83 and a 52-week high of $20.85.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.29. The firm 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%. As a group, analysts forecast 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. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 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.