BROOKFIELD Corp ON Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BROOKFIELD Corp ON purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 930,343 shares of the company's stock, valued at approximately $16,300,000. BROOKFIELD Corp ON owned 0.13% of Host Hotels & Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service purchased a new stake in Host Hotels & Resorts in the fourth quarter worth about $26,000. Jones Financial Companies Lllp increased its holdings in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $40,000. Finally, Eastern Bank purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on HST. Raymond James decreased their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Evercore ISI dropped their price target on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Citigroup reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Morgan Stanley dropped their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Truist Financial reduced their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Trading Down 0.2 %

Shares of HST traded down $0.03 during mid-day trading on Friday, reaching $14.82. 5,600,602 shares of the company's stock traded hands, compared to its average volume of 8,069,253. 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 stock's 50-day moving average is $14.36 and its two-hundred day moving average is $16.38. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.37. The stock has a market cap of $10.28 billion, a P/E ratio of 14.97 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued 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 yield of 5.40%. Host Hotels & Resorts's dividend payout ratio is currently 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.