Sei Investments Co. Buys 377,439 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sei Investments Co. grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 14.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,977,338 shares of the company's stock after purchasing an additional 377,439 shares during the quarter. Sei Investments Co. owned approximately 0.43% of Host Hotels & Resorts worth $52,164,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest & Ethical Investments L.P. boosted its position in Host Hotels & Resorts by 45.2% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 12,200 shares of the company's stock worth $213,000 after buying an additional 3,800 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Host Hotels & Resorts by 36.6% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 375,354 shares of the company's stock worth $6,576,000 after purchasing an additional 100,523 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Host Hotels & Resorts during the fourth quarter worth $149,000. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Host Hotels & Resorts by 37.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 229,892 shares of the company's stock worth $4,028,000 after purchasing an additional 62,271 shares during the last quarter. Finally, Xponance Inc. increased its holdings in Host Hotels & Resorts by 130.9% in the fourth quarter. Xponance Inc. now owns 224,997 shares of the company's stock valued at $3,942,000 after purchasing an additional 127,543 shares during the period. 98.52% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial cut their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company reduced their target price 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. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, UBS Group lowered their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $19.54.

Host Hotels & Resorts Stock Up 0.1 %

NASDAQ:HST traded up $0.01 on Wednesday, hitting $14.81. The stock had a trading volume of 8,612,506 shares, compared to its average volume of 7,107,975. 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 52 week low of $14.25 and a 52 week high of $20.85. The business's fifty day moving average is $16.18 and its 200 day moving average is $17.26. The company has a market cap of $10.35 billion, a PE ratio of 14.96 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.40%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.

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.