Lansforsakringar Fondforvaltning AB publ Invests $2.63 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Lansforsakringar Fondforvaltning AB publ bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,050 shares of the company's stock, valued at approximately $2,629,000.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $375,000. IFP Advisors Inc raised its position in Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after purchasing an additional 2,493 shares during the period. New England Research & Management Inc. purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $349,000. Raymond James Financial Inc. purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $17,586,000. Finally, Mariner LLC raised its position in Host Hotels & Resorts by 10.3% during the fourth quarter. Mariner LLC now owns 46,476 shares of the company's stock valued at $814,000 after purchasing an additional 4,357 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. 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 research report on Tuesday, February 18th. Truist Financial decreased their price objective 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. Compass Point downgraded 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 research report on Monday, March 10th. Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, Citigroup decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Two 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 data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Hold" and an average price target of $18.27.

Host Hotels & Resorts Trading Up 1.5%

NASDAQ:HST traded up $0.23 during midday trading on Tuesday, hitting $15.67. The stock had a trading volume of 12,882,812 shares, compared to its average volume of 8,485,414. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 15.83 and a beta of 1.29. The stock has a 50-day moving average of $14.41 and a 200 day moving average of $16.09. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

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 (EPS) 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 company 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 earnings per share. Host Hotels & Resorts's revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 5.11%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 83.33%.

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.