United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 36,900 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• United Super Pty Ltd significantly increased its holdings in Host Hotels & Resorts, acquiring an additional 36,900 shares, leading to a total ownership of 48,300 shares worth $686,000.
• Institutional investors now own 98.52% of Host Hotels & Resorts' stock, indicating strong institutional confidence in the company.
• Host Hotels & Resorts reported $1.59 billion in revenue for the latest quarter, exceeding expectations, and announced a quarterly dividend yielding 5.2%.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 323.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,300 shares of the company's stock after acquiring an additional 36,900 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Host Hotels & Resorts were worth $686,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HST. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Host Hotels & Resorts by 3.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after purchasing an additional 3,732 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $1,453,000. Cerity Partners LLC boosted its holdings in shares of Host Hotels & Resorts by 32.9% in the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after acquiring an additional 9,508 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 0.8% in 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. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after acquiring an additional 16,694 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded up $0.16 during trading on Monday, hitting $15.69. 12,298,499 shares of the company's stock traded hands, compared to its average volume of 9,403,358. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.08. The firm's fifty day moving average price is $15.89 and its 200 day moving average price is $15.48. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The company has a market cap of $10.88 billion, a PE ratio of 16.69 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion for 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 company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 5.1%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HST shares. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI raised their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus raised their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has an average rating of "Hold" and an average price target of $17.96.

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.