Proficio Capital Partners LLC Makes New Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Proficio Capital Partners LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 24,544 shares of the company's stock, valued at approximately $430,000.

Several other institutional investors have also made changes to their positions in HST. National Pension Service acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $26,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $40,000. Eastern Bank acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $45,000. Finally, Farther Finance Advisors LLC raised its stake in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock valued at $50,000 after acquiring an additional 867 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

HST stock traded up $0.39 during trading on Friday, hitting $14.91. The company had a trading volume of 11,947,791 shares, compared to its average volume of 7,042,640. The company has a fifty day moving average price of $16.57 and a two-hundred day moving average price of $17.41. 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 company has a market cap of $10.42 billion, a P/E ratio of 15.06 and a beta of 1.30. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.47 and a fifty-two week high of $21.27.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal 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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

HST has been the topic of a number of recent analyst reports. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $18.00 in a research note on Monday. UBS Group cut their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Raymond James cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $20.21.

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.