18,569 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new position 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 SEC. The institutional investor purchased 18,569 shares of the company's stock, valued at approximately $325,000.

A number of other large investors have also recently bought and sold shares of HST. Cohen & Steers Inc. boosted its holdings in shares of Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after buying an additional 3,932,928 shares during the last quarter. Norges Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter valued at $807,878,000. JPMorgan Chase & Co. lifted its holdings in Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares during the last quarter. Invesco Ltd. lifted its holdings in Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after purchasing an additional 350,634 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Evercore ISI cut their price target on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Raymond James lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Finally, Citigroup decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Trading Down 1.6%

Shares of Host Hotels & Resorts stock traded down $0.26 during midday trading on Wednesday, reaching $15.50. The company had a trading volume of 10,703,941 shares, compared to its average volume of 8,131,493. The stock has a fifty day moving average price of $14.36 and a 200 day moving average price of $16.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm has a market cap of $10.75 billion, a PE ratio of 15.66 and a beta of 1.29. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. The company's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.16%. Host Hotels & Resorts's dividend payout ratio is 83.33%.

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.