Centersquare Investment Management LLC Purchases 183,653 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Centersquare Investment Management LLC increased its stake in Host Hotels & Resorts by 1.7%, owning 11,235,809 shares, which now represents approximately 1.7% of their investment portfolio.
• Host Hotels & Resorts has recently seen significant activity from other investors, including LPL Financial which boosted its stake by 72.3% and other firms acquiring new stakes totaling millions in value.
• Analysts have mixed ratings on Host Hotels & Resorts, with one sell rating, five hold ratings, and seven buy ratings, and a current average target price of $17.88.

Centersquare Investment Management LLC increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,235,809 shares of the company's stock after buying an additional 183,653 shares during the quarter. Host Hotels & Resorts accounts for approximately 1.7% of Centersquare Investment Management LLC's holdings, making the stock its 21st largest holding. Centersquare Investment Management LLC owned 1.62% of Host Hotels & Resorts worth $159,661,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of Host Hotels & Resorts by 72.3% in the 4th quarter. LPL Financial LLC now owns 133,430 shares of the company's stock valued at $2,338,000 after purchasing an additional 55,971 shares during the period. Franklin Resources Inc. raised its stake in shares of Host Hotels & Resorts by 28.3% in the 4th quarter. Franklin Resources Inc. now owns 598,434 shares of the company's stock valued at $10,485,000 after purchasing an additional 131,910 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $6,860,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $278,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Host Hotels & Resorts by 56.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 785,828 shares of the company's stock valued at $13,768,000 after purchasing an additional 282,726 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HST shares. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Wells Fargo & Company raised their price objective on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Stifel Nicolaus raised their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Evercore ISI raised their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.88.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded up $0.08 during midday trading on Friday, reaching $15.35. 7,666,740 shares of the company's stock were exchanged, compared to its average volume of 10,585,729. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.20. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 16.33 and a beta of 1.34. The stock's 50-day simple moving average is $15.90 and its 200 day simple moving average is $15.44.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the company posted $0.57 earnings per share. Host Hotels & Resorts's quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's payout ratio is currently 85.11%.

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.