Cetera Investment Advisers Has $1.79 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cetera Investment Advisers boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 227.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 102,415 shares of the company's stock after acquiring an additional 71,144 shares during the quarter. Cetera Investment Advisers' holdings in Host Hotels & Resorts were worth $1,794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cohen & Steers Inc. boosted its stake 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 valued at $876,115,000 after purchasing an additional 3,932,928 shares during the last quarter. Norges Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $807,878,000. JPMorgan Chase & Co. raised its holdings in Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock worth $649,076,000 after buying an additional 643,450 shares during the period. Invesco Ltd. raised its holdings in Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after buying an additional 4,460,468 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after buying an additional 350,634 shares during the period. Institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HST. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Truist Financial decreased their price objective 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. Raymond James lowered their price objective 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. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, UBS Group lowered their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Two 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST traded down $0.13 on Friday, hitting $14.70. The company had a trading volume of 6,820,607 shares, compared to its average volume of 8,193,679. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The stock has a market cap of $10.20 billion, a price-to-earnings ratio of 14.85 and a beta of 1.29. The stock has a 50 day moving average price of $14.33 and a 200 day moving average price of $16.20. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.60 earnings per share. Host Hotels & Resorts's revenue was up 8.4% compared to the same quarter last year. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced 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 of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.44%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 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.