Picton Mahoney Asset Management Buys 165,747 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Picton Mahoney Asset Management boosted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,949 shares of the company's stock after acquiring an additional 165,747 shares during the quarter. Picton Mahoney Asset Management owned 0.07% of Host Hotels & Resorts worth $8,690,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HST. Sumitomo Mitsui Trust Group Inc. lifted its position in Host Hotels & Resorts by 2.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,768,029 shares of the company's stock valued at $66,317,000 after acquiring an additional 73,198 shares in the last quarter. Victory Capital Management Inc. lifted its position in Host Hotels & Resorts by 14.8% in the 3rd quarter. Victory Capital Management Inc. now owns 2,259,994 shares of the company's stock valued at $39,776,000 after acquiring an additional 291,474 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in Host Hotels & Resorts by 58.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company's stock valued at $616,000 after acquiring an additional 12,859 shares in the last quarter. KBC Group NV lifted its holdings in shares of Host Hotels & Resorts by 207.9% during the 3rd quarter. KBC Group NV now owns 2,198,392 shares of the company's stock valued at $38,692,000 after buying an additional 1,484,370 shares during the period. Finally, Metis Global Partners LLC lifted its holdings in shares of Host Hotels & Resorts by 21.2% during the 3rd quarter. Metis Global Partners LLC now owns 94,892 shares of the company's stock valued at $1,670,000 after buying an additional 16,627 shares during the period. 98.52% of the stock is owned by institutional investors.

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Host Hotels & Resorts Price Performance

Shares of HST stock traded up $0.05 during trading hours on Wednesday, hitting $15.12. The stock had a trading volume of 12,360,391 shares, compared to its average volume of 7,033,159. Host Hotels & Resorts, Inc. has a one year low of $14.47 and a one year high of $21.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The stock's 50-day moving average price is $16.44 and its two-hundred day moving average price is $17.36. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of 15.27 and a beta of 1.30.

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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.29%. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HST. UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. Finally, Raymond James lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $20.12.

Host Hotels & Resorts Company 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.