Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Ethic Inc.

Ethic Inc. increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,226 shares of the company's stock after purchasing an additional 26,274 shares during the period. Ethic Inc.'s holdings in Host Hotels & Resorts were worth $3,490,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

HST has been the subject of several research reports. Raymond James dropped their price objective on shares of 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. Evercore ISI dropped their price target on shares of 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. UBS Group dropped their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Truist Financial dropped their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, Morgan Stanley dropped their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Stock Up 1.1%

Host Hotels & Resorts stock traded up $0.17 during mid-day trading on Friday, reaching $15.57. 1,953,208 shares of the company's stock were exchanged, compared to its average volume of 8,112,890. The company has a market cap of $10.80 billion, a P/E ratio of 15.72 and a beta of 1.29. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. 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 company has a fifty day moving average of $14.33 and a 200-day moving average of $16.33.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion for 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 quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.60 EPS. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS 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 $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.14%. Host Hotels & Resorts's payout ratio is 83.33%.

About Host Hotels & Resorts

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.