BTC Capital Management Inc. Purchases 23,912 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

BTC Capital Management Inc. increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 23.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,307 shares of the company's stock after purchasing an additional 23,912 shares during the period. BTC Capital Management Inc.'s holdings in Host Hotels & Resorts were worth $1,795,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $375,000. IFP Advisors Inc raised its stake in shares of Host Hotels & Resorts by 716.4% during the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after purchasing an additional 2,493 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $17,586,000. Mariner LLC raised its stake in shares of Host Hotels & Resorts by 10.3% during the 4th quarter. Mariner LLC now owns 46,476 shares of the company's stock worth $814,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Host Hotels & Resorts by 186.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 52,203 shares of the company's stock worth $915,000 after purchasing an additional 33,984 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of HST stock traded down $0.05 on Monday, hitting $15.44. 9,716,801 shares of the company's stock were exchanged, compared to its average volume of 8,456,220. 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 12 month low of $12.22 and a 12 month high of $19.37. The stock has a market cap of $10.71 billion, a P/E ratio of 15.60 and a beta of 1.29. The company has a 50 day moving average of $14.37 and a 200 day moving average of $16.11.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the company earned $0.60 EPS. Host Hotels & Resorts's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current 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. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.18%. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Truist Financial decreased their target price on 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 lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Monday, March 10th. Raymond James decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Finally, Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.