Advisors Capital Management LLC Acquires Shares of 881,845 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Advisors Capital Management LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 881,845 shares of the company's stock, valued at approximately $15,450,000. Advisors Capital Management LLC owned about 0.13% of Host Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC grew its holdings in Host Hotels & Resorts by 18.8% during the 3rd quarter. MML Investors Services LLC now owns 201,292 shares of the company's stock worth $3,543,000 after acquiring an additional 31,919 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Host Hotels & Resorts by 4.2% in the third quarter. M&T Bank Corp now owns 96,597 shares of the company's stock valued at $1,700,000 after purchasing an additional 3,872 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Host Hotels & Resorts by 1.1% during the 3rd quarter. Toronto Dominion Bank now owns 353,593 shares of the company's stock worth $6,223,000 after buying an additional 3,827 shares in the last quarter. Invst LLC boosted its position in Host Hotels & Resorts by 6.7% in the 3rd quarter. Invst LLC now owns 37,581 shares of the company's stock valued at $661,000 after buying an additional 2,376 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in shares of Host Hotels & Resorts by 23.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company's stock valued at $467,000 after buying an additional 4,870 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Truist Financial decreased their price target 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. Citigroup lowered their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Finally, UBS Group decreased their price objective on 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, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts has a consensus rating of "Hold" and an average target price of $19.17.

Host Hotels & Resorts Stock Up 1.9 %

Host Hotels & Resorts stock traded up $0.25 during midday trading on Friday, reaching $13.66. The stock had a trading volume of 5,532,413 shares, compared to its average volume of 7,948,612. The stock has a market capitalization of $9.47 billion, a P/E ratio of 13.80 and a beta of 1.26. The firm's fifty day simple moving average is $14.99 and its 200-day simple moving average is $16.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.87.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.86%. Host Hotels & Resorts's dividend payout ratio is 80.81%.

Host Hotels & Resorts 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.