Proficio Capital Partners LLC Invests $430,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Proficio Capital Partners LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,544 shares of the company's stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its holdings in shares of Host Hotels & Resorts by 1.9% in the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company's stock valued at $912,056,000 after buying an additional 950,431 shares during the period. Geode Capital Management LLC lifted its holdings in Host Hotels & Resorts by 1.0% during the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company's stock worth $331,698,000 after acquiring an additional 180,904 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Host Hotels & Resorts by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company's stock valued at $181,685,000 after acquiring an additional 69,198 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock worth $121,318,000 after acquiring an additional 5,811,722 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on HST. Raymond James decreased their price objective on 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. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Wells Fargo & Company lowered their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their price objective on shares of 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. Finally, Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.54.

Host Hotels & Resorts Stock Down 0.3 %

HST traded down $0.04 on Wednesday, hitting $14.76. 2,693,571 shares of the company were exchanged, compared to its average volume of 7,081,420. The stock's fifty day moving average is $16.23 and its 200-day moving average is $17.28. Host Hotels & Resorts, Inc. has a 12 month low of $14.25 and a 12 month high of $20.85. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $10.32 billion, a PE ratio of 14.91 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.42%. Host Hotels & Resorts's dividend payout ratio is presently 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.