Personal CFO Solutions LLC acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,492 shares of the company's stock, valued at approximately $657,000.
Other hedge funds also recently modified their holdings of the company. National Pension Service bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% in the fourth 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 boosted its stake in 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 valued at $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 98.52% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on HST. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Raymond James reduced their price target 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. UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.21.
View Our Latest Research Report on HST
Host Hotels & Resorts Stock Down 3.9 %
Shares of NASDAQ:HST traded down $0.59 during midday trading on Thursday, reaching $14.52. 10,892,075 shares of the company were exchanged, compared to its average volume of 7,014,031. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.30 and a fifty-two week high of $21.27. 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 stock has a fifty day simple moving average of $16.63 and a two-hundred day simple moving average of $17.43. The firm has a market cap of $10.15 billion, a PE ratio of 14.67 and a beta of 1.30.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.
Host Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.51%. Host Hotels & Resorts's payout ratio is currently 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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