Prudential Financial Inc. Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Prudential Financial Inc. boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 75.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,344,171 shares of the company's stock after purchasing an additional 1,432,772 shares during the quarter. Prudential Financial Inc. owned about 0.48% of Host Hotels & Resorts worth $58,590,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. National Pension Service bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp raised its holdings in 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 buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position 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 valued at $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Eastern Bank bought a new stake in Host Hotels & Resorts during the 4th quarter valued at $45,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. UBS Group dropped their target price on 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. Wells Fargo & Company reduced their price target 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. Finally, Truist Financial dropped 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 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 company's stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of "Hold" and an average target price of $19.54.

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Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.26 during trading on Friday, reaching $14.27. 8,374,575 shares of the company's stock traded hands, compared to its average volume of 7,430,127. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $20.85. The company has a 50-day simple moving average of $16.07 and a 200-day simple moving average of $17.23. The firm has a market cap of $9.98 billion, a PE ratio of 14.41 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The company 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%. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

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.