Russell Investments Group Ltd. boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 71.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,980,807 shares of the company's stock after buying an additional 1,660,341 shares during the quarter. Russell Investments Group Ltd. owned 0.57% of Host Hotels & Resorts worth $69,748,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service purchased a new stake in Host Hotels & Resorts in the fourth quarter valued at $26,000. Jones Financial Companies Lllp grew its position in shares of 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 acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Host Hotels & Resorts in the 4th quarter worth about $40,000. Finally, Eastern Bank purchased a new position in Host Hotels & Resorts during the fourth quarter worth approximately $45,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have recently issued reports on HST shares. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the company from $20.00 to $14.00 in a report on Wednesday. Truist Financial reduced their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Raymond James lowered their price objective 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. Finally, Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and an average price target of $19.17.
Check Out Our Latest Analysis on HST
Host Hotels & Resorts Trading Up 1.3 %
Shares of Host Hotels & Resorts stock traded up $0.17 during trading hours on Friday, hitting $13.62. The company's stock had a trading volume of 3,274,437 shares, compared to its average volume of 7,848,471. The firm has a fifty day moving average of $15.34 and a 200-day moving average of $16.91. 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 stock has a market cap of $9.52 billion, a price-to-earnings ratio of 13.77 and a beta of 1.26. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $20.48.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.37 billion. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.
Host Hotels & Resorts Company Profile
(
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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