Ontario Teachers Pension Plan Board Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Ontario Teachers Pension Plan Board increased its stake in Host Hotels & Resorts by 77.7%, now owning approximately 0.06% of the company worth $6.14 million.
• Host Hotels & Resorts recently reported $1.59 billion in quarterly revenue, exceeding expectations, with an EPS of $0.58, above the consensus estimate of $0.51.
• The company announced a quarterly dividend of $0.20 per share, reflecting a yield of 5.2% with an annual payout ratio of 85.11%.

Ontario Teachers Pension Plan Board increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 77.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 432,030 shares of the company's stock after purchasing an additional 188,876 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.06% of Host Hotels & Resorts worth $6,139,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. increased its stake in shares of Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after purchasing an additional 3,932,928 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Host Hotels & Resorts by 24.7% in the fourth 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 during the period. Northern Trust Corp raised its stake in shares of Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock valued at $159,661,000 after purchasing an additional 183,653 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Host Hotels & Resorts by 184.7% during the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock worth $170,855,000 after purchasing an additional 6,326,709 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HST. Wells Fargo & Company increased their price objective 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. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Evercore ISI lifted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Stifel Nicolaus raised their target price on shares of 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 analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.88.

Host Hotels & Resorts Price Performance

HST stock opened at $15.30 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.08. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The firm has a 50-day moving average of $15.91 and a 200 day moving average of $15.47. The company has a market cap of $10.52 billion, a P/E ratio of 16.28 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.2%. Host Hotels & Resorts's 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.

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