MQS Management LLC Buys New Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

MQS Management LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 79,158 shares of the company's stock, valued at approximately $1,125,000. Host Hotels & Resorts accounts for approximately 0.6% of MQS Management LLC's investment portfolio, making the stock its 7th largest position.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank bought a new position in Host Hotels & Resorts during the fourth quarter valued at about $807,878,000. Deutsche Bank AG grew 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 purchasing an additional 6,326,709 shares during the period. Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $99,402,000. Invesco Ltd. boosted its holdings 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 worth $395,171,000 after acquiring an additional 4,460,468 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Host Hotels & Resorts by 43.3% in the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HST has been the topic of several recent analyst reports. Citigroup reduced their target price 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. Morgan Stanley reduced their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and an average target price of $17.96.

Host Hotels & Resorts Stock Down 0.6%

HST stock traded down $0.10 during trading hours on Monday, reaching $16.43. 1,694,940 shares of the stock were exchanged, compared to its average volume of 8,780,395. The firm's 50-day moving average is $15.55 and its 200-day moving average is $15.59. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 17.11 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.60 EPS. The company's quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. Host Hotels & Resorts's dividend payout ratio is 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.