Victory Capital Management Inc. Raises Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Victory Capital Management Inc. grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 14.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,259,994 shares of the company's stock after buying an additional 291,474 shares during the period. Victory Capital Management Inc. owned approximately 0.32% of Host Hotels & Resorts worth $39,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HST. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after acquiring an additional 1,339,458 shares in the last quarter. LSV Asset Management grew its position in Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company's stock worth $165,218,000 after acquiring an additional 965,100 shares during the last quarter. Lazard Asset Management LLC lifted its position in Host Hotels & Resorts by 111.7% in the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company's stock valued at $33,963,000 after purchasing an additional 866,530 shares during the last quarter. National Bank of Canada FI grew its holdings in shares of Host Hotels & Resorts by 285.7% in the second quarter. National Bank of Canada FI now owns 1,131,323 shares of the company's stock worth $19,945,000 after purchasing an additional 838,005 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Host Hotels & Resorts in the first quarter worth $15,509,000. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded down $0.20 during trading hours on Friday, reaching $17.26. 12,826,627 shares of the company traded hands, compared to its average volume of 6,835,031. The firm has a 50-day moving average price of $17.72 and a 200 day moving average price of $17.71. The company has a market cap of $12.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio is 77.67%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group cut their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday. Compass Point raised shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 13th. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird decreased their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.21.

Host Hotels & Resorts Company Profile

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.