Everett Harris & Co. CA Purchases 16,385 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Everett Harris & Co. CA increased its holdings in Host Hotels & Resorts by 34.5%, owning 63,823 shares valued at $907,000 as of the latest SEC filing.
• The company reported $0.58 earnings per share (EPS) for the last quarter, surpassing expectations, with a revenue of $1.59 billion, up 8.2% year-over-year.
• Host Hotels & Resorts announced a **quarterly dividend** of $0.20 per share, yielding 5.2%, with a payout ratio of 85.11%.

Everett Harris & Co. CA grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 34.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,823 shares of the company's stock after buying an additional 16,385 shares during the period. Everett Harris & Co. CA's holdings in Host Hotels & Resorts were worth $907,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HST. LPL Financial LLC increased its holdings 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 worth $2,338,000 after purchasing an additional 55,971 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $278,000. Envestnet Asset Management Inc. raised its position in Host Hotels & Resorts by 56.2% during the fourth 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. Invesco Ltd. grew its stake in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after buying an additional 4,460,468 shares during the last quarter. Finally, FIL Ltd grew its stake in Host Hotels & Resorts by 47.6% in the fourth quarter. FIL Ltd now owns 225,456 shares of the company's stock worth $3,950,000 after purchasing an additional 72,749 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

NASDAQ HST traded up $0.08 during trading hours 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 one year low of $12.22 and a one year high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average of $15.90 and a 200-day moving average of $15.43. The stock has a market cap of $10.55 billion, a PE ratio of 16.33 and a beta of 1.34.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given 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 dividend payout ratio is presently 85.11%.

Wall Street Analyst Weigh In

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

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.