Captrust Financial Advisors Acquires New Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Captrust Financial Advisors bought 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 filing with the SEC. The institutional investor bought 42,674 shares of the company's stock, valued at approximately $748,000.

A number of other large investors have also recently added to or reduced their stakes in HST. Cohen & Steers Inc. boosted its holdings in Host Hotels & Resorts by 8.5% during the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after purchasing an additional 3,932,928 shares during the last quarter. Norges Bank acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $807,878,000. JPMorgan Chase & Co. grew its holdings in shares of Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after acquiring an additional 643,450 shares in the last quarter. Invesco Ltd. grew its holdings 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 valued at $395,171,000 after acquiring an additional 4,460,468 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Host Hotels & Resorts by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after acquiring an additional 350,634 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

HST traded down $0.19 during trading on Thursday, hitting $14.58. The stock had a trading volume of 1,363,564 shares, compared to its average volume of 8,125,105. 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 company has a 50 day moving average price of $14.35 and a 200-day moving average price of $16.26. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The firm has a market cap of $10.11 billion, a price-to-earnings ratio of 14.74 and a beta of 1.29.

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

Host Hotels & Resorts Announces Dividend

The business also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. UBS Group dropped 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 research report on Tuesday, January 28th. Morgan Stanley decreased their price objective 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. Raymond James dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their target price for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $18.90.

Host Hotels & Resorts Company 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.