Highland Capital Management LLC Invests $244,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Highland Capital Management LLC bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,198 shares of the company's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after buying an additional 3,732 shares in the last quarter. Achmea Investment Management B.V. increased its holdings in shares of Host Hotels & Resorts by 21.5% during the first quarter. Achmea Investment Management B.V. now owns 738,302 shares of the company's stock valued at $10,491,000 after acquiring an additional 130,576 shares in the last quarter. Moran Wealth Management LLC increased its holdings in shares of Host Hotels & Resorts by 1.8% during the first quarter. Moran Wealth Management LLC now owns 70,962 shares of the company's stock valued at $1,008,000 after acquiring an additional 1,223 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Host Hotels & Resorts by 1.7% during the first quarter. Asset Management One Co. Ltd. now owns 1,456,690 shares of the company's stock worth $20,700,000 after purchasing an additional 24,227 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Host Hotels & Resorts by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after purchasing an additional 16,694 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on HST shares. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday. Truist Financial lowered their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, Citigroup decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $17.96.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded up $0.04 during trading hours on Thursday, hitting $16.21. 5,858,876 shares of the company's stock traded hands, compared to its average volume of 8,739,158. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 16.88 and a beta of 1.31. The company has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $15.72. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37.

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

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.94%. Host Hotels & Resorts's payout ratio is 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.