Machina Capital S.A.S. Makes New Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Machina Capital S.A.S. invested approximately $394,000 in Host Hotels & Resorts, Inc. by acquiring 27,722 shares during the first quarter.
• Institutional ownership of Host Hotels & Resorts is high, with 98.52% of the stock held by institutional investors following various **recent investments** and **increases in holdings** from firms like Mirae Asset Global Investments and Oppenheimer Asset Management.
• Analysts have mixed ratings on Host Hotels & Resorts, with **consensus** ratings of "Hold" and a target price of $17.96, influenced by recent **price revisions** and a variety of analyst reports tracking the stock’s performance.

Machina Capital S.A.S. bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 27,722 shares of the company's stock, valued at approximately $394,000.

Several other institutional investors have also made changes to their positions in HST. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after purchasing an additional 3,732 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Host Hotels & Resorts in the first quarter valued at $1,453,000. Envestnet Asset Management Inc. raised its position in shares of Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after acquiring an additional 6,592 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Host Hotels & Resorts by 48.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after purchasing an additional 16,694 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Host Hotels & Resorts by 10.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 57,318 shares of the company's stock valued at $814,000 after buying an additional 5,318 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. JPMorgan Chase & Co. assumed 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. Finally, Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One 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, the company has a consensus rating of "Hold" and a consensus target price of $17.96.

Host Hotels & Resorts Price Performance

HST stock opened at $16.55 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. The business has a 50-day simple moving average of $15.79 and a two-hundred day simple moving average of $15.54. The company has a market capitalization of $11.48 billion, a P/E ratio of 17.24 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share 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 return on equity of 10.11% and a net margin of 11.66%. The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is 83.33%.

Host Hotels & Resorts 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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