LSV Asset Management Has $127.98 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• LSV Asset Management has reduced its holdings in Host Hotels & Resorts by 0.7%, now owning approximately $127.98 million worth of shares.
• Institutional investors collectively own 98.52% of Host Hotels & Resorts, with several firms significantly increasing their positions in the stock during the first quarter.
• Despite a recent decline in share price, the company reported $0.58 EPS for the quarter, outperforming estimates, and also declared a quarterly dividend yielding 5.2%.

LSV Asset Management lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,006,100 shares of the company's stock after selling 62,200 shares during the period. LSV Asset Management owned 1.30% of Host Hotels & Resorts worth $127,977,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of HST. NBC Securities Inc. lifted its holdings in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the period. Versant Capital Management Inc lifted its holdings in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after buying an additional 2,047 shares during the period. IFP Advisors Inc lifted its holdings in Host Hotels & Resorts by 28.4% in the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after buying an additional 807 shares during the period. Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after buying an additional 1,906 shares during the period. Finally, Rossby Financial LCC bought a new stake in Host Hotels & Resorts in the first quarter valued at $66,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on HST. Evercore ISI lifted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, Stifel Nicolaus lifted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $17.96.

Host Hotels & Resorts Trading Down 1.2%

NASDAQ:HST opened at $15.53 on Friday. 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 has a 50-day moving average of $15.89 and a 200-day moving average of $15.49. The company has a market cap of $10.77 billion, a PE ratio of 16.52 and a beta of 1.34. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.2%. Host Hotels & Resorts's payout ratio is 85.11%.

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.

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