Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1,278.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 169,227 shares of the company's stock after buying an additional 156,952 shares during the period. GAMMA Investing LLC's holdings in Host Hotels & Resorts were worth $24,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $40,000. Finally, IFP Advisors Inc grew its position in shares of Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after buying an additional 2,493 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Raymond James cut their price target 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. Morgan Stanley cut their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.27.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded up $0.39 during midday trading on Friday, reaching $15.76. 7,344,796 shares of the company traded hands, compared to its average volume of 8,495,805. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 15.92 and a beta of 1.32. The company has a fifty day moving average price of $14.45 and a 200 day moving average price of $16.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is 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.