Janney Montgomery Scott LLC decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 48.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,132 shares of the company's stock after selling 25,071 shares during the quarter. Janney Montgomery Scott LLC's holdings in Host Hotels & Resorts were worth $386,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new position in Host Hotels & Resorts during the 4th quarter worth about $807,878,000. Deutsche Bank AG increased its stake in shares of Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after acquiring an additional 6,326,709 shares during the last quarter. Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $99,402,000. Invesco Ltd. increased its stake in shares of Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after acquiring an additional 4,460,468 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after purchasing an additional 4,158,219 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Morgan Stanley reduced their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday. 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 research report on Friday, March 21st. Citigroup reduced their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.96.
Check Out Our Latest Report on HST
Host Hotels & Resorts Stock Performance
Shares of HST stock traded up $0.04 on Friday, hitting $16.21. The company had a trading volume of 5,858,876 shares, compared to its average volume of 8,763,792. The firm has a market cap of $11.24 billion, a P/E ratio of 16.88 and a beta of 1.31. The company has a 50-day moving average price of $15.35 and a 200-day moving average price of $15.69. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. 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 announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Host Hotels & Resorts's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.94%. Host Hotels & Resorts's payout ratio is 83.33%.
Host Hotels & Resorts Company Profile
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Free Report)
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.
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