MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 91.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 216,919 shares of the company's stock after buying an additional 103,504 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Host Hotels & Resorts were worth $3,812,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of HST. National Pension Service bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $26,000. Jones Financial Companies Lllp lifted its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts in the 4th quarter valued at about $40,000. Finally, IFP Advisors Inc lifted its position in Host Hotels & Resorts by 716.4% in the 4th 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 last quarter. 98.52% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Raymond James cut their price objective on shares of 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. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Citigroup cut their price objective on shares of 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. Finally, UBS Group cut their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.90.
Check Out Our Latest Stock Analysis on HST
Host Hotels & Resorts Price Performance
Shares of HST traded up $0.07 during mid-day trading on Thursday, hitting $14.83. The company's stock had a trading volume of 9,327,592 shares, compared to its average volume of 8,169,020. The firm has a 50-day moving average price of $14.35 and a 200 day moving average price of $16.26. The stock has a market capitalization of $10.29 billion, a price-to-earnings ratio of 14.98 and a beta of 1.29. 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 fifty-two week low of $12.22 and a fifty-two week high of $19.37.
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. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business's revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.
Host Hotels & Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 5.39%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.
Host Hotels & Resorts 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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