APG Asset Management N.V. Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

APG Asset Management N.V. acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 381,900 shares of the company's stock, valued at approximately $6,462,000. APG Asset Management N.V. owned approximately 0.05% of Host Hotels & Resorts at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. FIL Ltd boosted its stake in Host Hotels & Resorts by 47.6% during the fourth quarter. FIL Ltd now owns 225,456 shares of the company's stock worth $3,950,000 after acquiring an additional 72,749 shares in the last quarter. Invesco Ltd. grew its stake in shares of Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after buying an additional 4,460,468 shares during the last quarter. Employees Retirement System of Texas increased its position in Host Hotels & Resorts by 29.3% during the 4th quarter. Employees Retirement System of Texas now owns 618,000 shares of the company's stock valued at $10,827,000 after buying an additional 140,000 shares in the last quarter. Waterloo Capital L.P. purchased a new position in Host Hotels & Resorts during the fourth quarter valued at $1,872,000. Finally, Russell Investments Group Ltd. boosted its holdings in Host Hotels & Resorts by 71.6% in the fourth quarter. Russell Investments Group Ltd. now owns 3,980,807 shares of the company's stock worth $69,748,000 after acquiring an additional 1,660,341 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analyst Weigh In

HST has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. UBS Group cut their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $16.00 to $15.00 in a report on Friday, March 21st. Finally, Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $19.17.

Host Hotels & Resorts Price Performance

Shares of HST traded up $0.32 during trading hours on Thursday, reaching $13.73. 1,987,828 shares of the stock traded hands, compared to its average volume of 7,923,803. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.87. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.51 billion, a P/E ratio of 13.86 and a beta of 1.26. The company's 50-day moving average price is $15.10 and its two-hundred day moving average price is $16.79.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its 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 return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.83%. Host Hotels & Resorts's dividend payout ratio is 80.81%.

About Host Hotels & Resorts

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.