Ensign Peak Advisors Inc cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 433,545 shares of the company's stock after selling 125,664 shares during the quarter. Ensign Peak Advisors Inc owned about 0.06% of Host Hotels & Resorts worth $7,596,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. National Pension Service bought a new position in Host Hotels & Resorts during the fourth quarter worth $26,000. Jones Financial Companies Lllp lifted its stake in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Eastern Bank purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $45,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
HST has been the subject of a number of research analyst reports. Evercore ISI decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Monday, April 28th. UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Citigroup decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $18.90.
Check Out Our Latest Research Report on Host Hotels & Resorts
Host Hotels & Resorts Stock Performance
HST traded up $0.16 during midday trading on Friday, hitting $15.56. 5,768,467 shares of the company traded hands, compared to its average volume of 8,138,038. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $10.79 billion, a PE ratio of 15.72 and a beta of 1.29. The company's 50-day moving average is $14.33 and its 200 day moving average is $16.31. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its 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 net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Announces Dividend
The firm 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 5.14%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 83.33%.
About Host Hotels & Resorts
(
Free Report)
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.
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