Nuveen LLC Buys New Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Nuveen LLC has made a significant new investment in Host Hotels & Resorts, acquiring 4,925,307 shares valued at approximately $69.99 million, representing about 0.71% of the company's total stock.
• Analysts have varied views on Host Hotels & Resorts, with ratings including one "sell," five "hold," and six "buy," along with a consensus price target of $17.50.
• Host Hotels reported a net margin of 11.12% and a revenue of $1.59 billion for the last quarter, surpassing estimates and showing an 8.2% year-over-year revenue growth.

Nuveen LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,925,307 shares of the company's stock, valued at approximately $69,989,000. Nuveen LLC owned about 0.71% of Host Hotels & Resorts at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. NBC Securities Inc. grew its stake in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after buying an additional 2,047 shares during the last quarter. IFP Advisors Inc grew its position in Host Hotels & Resorts by 28.4% during 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 increased its holdings in Host Hotels & Resorts by 80.1% during 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 last quarter. Finally, Rossby Financial LCC bought a new position in Host Hotels & Resorts in the first quarter worth approximately $66,000. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent research reports. Wells Fargo & Company boosted 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 report on Tuesday, July 1st. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Evercore ISI upped their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and an average price target of $17.50.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded up $0.13 during midday trading on Monday, reaching $15.85. 2,502,536 shares of the company were exchanged, compared to its average volume of 9,827,159. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market cap of $10.89 billion, a PE ratio of 16.88 and a beta of 1.34. The business's fifty day moving average is $15.92 and its two-hundred day moving average is $15.38. 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 announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

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.