Versor Investments LP Purchases 30,922 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Versor Investments LP increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 94.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,522 shares of the company's stock after purchasing an additional 30,922 shares during the quarter. Versor Investments LP's holdings in Host Hotels & Resorts were worth $1,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HST. Bessemer Group Inc. increased its position in shares of Host Hotels & Resorts by 645.5% during the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company's stock worth $1,331,000 after acquiring an additional 55,775 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Host Hotels & Resorts by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company's stock worth $39,037,000 after acquiring an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company's stock valued at $13,344,000 after buying an additional 55,654 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company's stock valued at $4,224,000 after purchasing an additional 39,340 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Host Hotels & Resorts by 854.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company's stock worth $5,750,000 after purchasing an additional 286,281 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HST has been the subject of several analyst reports. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, August 1st. Oppenheimer lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Truist Financial dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and lowered their target price for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.29.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.07 during mid-day trading on Tuesday, reaching $17.99. The stock had a trading volume of 7,736,892 shares, compared to its average volume of 6,799,918. The company has a market cap of $12.64 billion, a P/E ratio of 17.32, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. The business's 50 day moving average price is $17.66 and its 200 day moving average price is $17.73. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts's revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.93 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.45%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 77.67%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.