Rhumbline Advisers Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rhumbline Advisers increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 10.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,520,104 shares of the company's stock after purchasing an additional 143,747 shares during the quarter. Rhumbline Advisers owned 0.22% of Host Hotels & Resorts worth $21,601,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Freedom Investment Management Inc. increased its holdings in Host Hotels & Resorts by 2.9% in the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after buying an additional 622 shares during the last quarter. Savant Capital LLC boosted its position in shares of Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after acquiring an additional 634 shares in the last quarter. Evergreen Wealth Solutions LLC boosted its position in shares of Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after acquiring an additional 651 shares in the last quarter. Ascent Group LLC increased its holdings in shares of Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock valued at $290,000 after acquiring an additional 703 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its position in shares of Host Hotels & Resorts by 1.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock worth $1,297,000 after acquiring an additional 746 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

HST traded up $0.15 on Tuesday, hitting $16.07. 7,743,596 shares of the company traded hands, compared to its average volume of 8,508,169. The company has a 50 day moving average of $14.56 and a 200-day moving average of $16.03. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $11.15 billion, a PE ratio of 16.23 and a beta of 1.32. 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 released its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HST shares. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Citigroup dropped their target price 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. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Morgan Stanley reduced their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Raymond James dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $18.27.

About Host Hotels & Resorts

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.