MQS Management LLC Invests $1.13 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

MQS Management LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 79,158 shares of the company's stock, valued at approximately $1,125,000. Host Hotels & Resorts comprises 0.6% of MQS Management LLC's investment portfolio, making the stock its 7th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after acquiring an additional 1,088 shares during the last quarter. NBC Securities Inc. increased its position in shares of Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after acquiring an additional 2,047 shares during the last quarter. Farther Finance Advisors LLC increased its position 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 worth $62,000 after buying an additional 1,906 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Host Hotels & Resorts by 100.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the company's stock worth $81,000 after buying an additional 2,305 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.18 during trading hours on Wednesday, hitting $16.15. 6,679,293 shares of the company's stock traded hands, compared to its average volume of 8,807,101. The firm has a market cap of $11.20 billion, a P/E ratio of 16.82 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. The business's fifty day simple moving average is $15.65 and its two-hundred day simple moving average is $15.59. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. The company had revenue of $1.59 billion during 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 firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is 83.33%.

Analysts Set New Price Targets

A number of research firms have issued reports on HST. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Jefferies Financial Group downgraded 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 report on Wednesday, April 9th. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Truist Financial decreased their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Finally, Wells Fargo & Company raised their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.96.

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.