Citigroup Inc. Has $22.34 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Citigroup Inc. grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 76.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,572,266 shares of the company's stock after buying an additional 678,921 shares during the period. Citigroup Inc. owned 0.23% of Host Hotels & Resorts worth $22,342,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. NBC Securities Inc. lifted its holdings in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after buying an additional 1,852 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after buying an additional 2,047 shares in the last quarter. IFP Advisors Inc lifted its holdings in Host Hotels & Resorts by 28.4% in the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after buying an additional 807 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts by 80.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock worth $62,000 after buying an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Host Hotels & Resorts in the 1st quarter worth $66,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Down 1.6%

NASDAQ HST traded down $0.26 during trading on Friday, reaching $15.72. 10,900,992 shares of the stock traded hands, compared to its average volume of 10,896,119. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 16.72 and a beta of 1.34. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $15.92 and its 200 day moving average price is $15.39.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. The business's quarterly revenue was up 8.2% compared to the same quarter last year. Analysts predict 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, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. Evercore ISI raised their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $17.50.

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.