Deutsche Bank AG Boosts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Deutsche Bank AG lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 184.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,752,018 shares of the company's stock after buying an additional 6,326,709 shares during the period. Deutsche Bank AG owned about 1.40% of Host Hotels & Resorts worth $170,855,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank bought a new position in Host Hotels & Resorts in the 4th quarter worth about $807,878,000. Invesco Ltd. lifted its position 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 purchasing an additional 4,460,468 shares during the period. Northern Trust Corp raised its position in shares of Host Hotels & Resorts by 43.3% in the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares in the last quarter. Cohen & Steers Inc. raised its position 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 worth $876,115,000 after acquiring an additional 3,932,928 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Morgan Stanley lowered their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. 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. Finally, Evercore ISI reduced their target price on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded down $0.07 during mid-day trading on Thursday, hitting $15.44. The stock had a trading volume of 3,042,287 shares, compared to its average volume of 8,112,468. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a 50 day moving average of $14.34 and a two-hundred day moving average of $16.34. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. The firm has a market cap of $10.71 billion, a PE ratio of 15.59 and a beta of 1.29.

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

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.18%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is presently 83.33%.

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.