DekaBank Deutsche Girozentrale Boosts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

DekaBank Deutsche Girozentrale boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 605,390 shares of the company's stock after acquiring an additional 19,130 shares during the period. DekaBank Deutsche Girozentrale owned 0.09% of Host Hotels & Resorts worth $8,371,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Blackhawk Capital Partners LLC. grew its stake in Host Hotels & Resorts by 37.1% during the first quarter. Blackhawk Capital Partners LLC. now owns 22,187 shares of the company's stock valued at $315,000 after acquiring an additional 6,001 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after acquiring an additional 6,592 shares in the last quarter. IFM Investors Pty Ltd grew its stake in Host Hotels & Resorts by 2.9% during the first quarter. IFM Investors Pty Ltd now owns 311,553 shares of the company's stock valued at $4,427,000 after acquiring an additional 8,908 shares in the last quarter. Checchi Capital Advisers LLC purchased a new position in Host Hotels & Resorts during the first quarter valued at approximately $184,000. Finally, Principal Financial Group Inc. lifted its position in Host Hotels & Resorts by 1.1% during the first quarter. Principal Financial Group Inc. now owns 1,804,422 shares of the company's stock valued at $25,641,000 after purchasing an additional 19,929 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on HST. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Citigroup dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.96.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $16.52 on Friday. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.21 and a beta of 1.31. The company has a fifty day moving average of $15.55 and a 200-day moving average of $15.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.84%. Host Hotels & Resorts's payout ratio is currently 83.33%.

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.

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