Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by BTC Capital Management Inc.

BTC Capital Management Inc. raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 126,307 shares of the company's stock after buying an additional 23,912 shares during the quarter. BTC Capital Management Inc.'s holdings in Host Hotels & Resorts were worth $1,795,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Freedom Investment Management Inc. raised its stake in Host Hotels & Resorts by 2.9% during the 4th quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after acquiring an additional 622 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Host Hotels & Resorts by 2.7% in the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company's stock valued at $428,000 after purchasing an additional 634 shares during the period. Evergreen Wealth Solutions LLC raised its stake in shares of Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after purchasing an additional 651 shares during the last quarter. Ascent Group LLC lifted its holdings in shares of Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after purchasing an additional 703 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC increased its stake in Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after buying an additional 746 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST traded down $0.17 on Wednesday, hitting $15.50. The company's stock had a trading volume of 3,685,465 shares, compared to its average volume of 9,948,886. The stock has a 50 day moving average of $14.41 and a 200-day moving average of $16.09. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of 15.66 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. 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 (NASDAQ:HST - Get Free Report) last released 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 analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.16%. Host Hotels & Resorts's payout ratio is currently 83.33%.

Analysts Set New Price Targets

Several research firms have recently commented on HST. Morgan Stanley reduced their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $18.27.

Host Hotels & Resorts Company 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.