SG Americas Securities LLC Buys 44,753 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

SG Americas Securities LLC grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 250.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,599 shares of the company's stock after acquiring an additional 44,753 shares during the quarter. SG Americas Securities LLC's holdings in Host Hotels & Resorts were worth $890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HST. National Pension Service bought a new position in Host Hotels & Resorts during the 4th quarter worth $26,000. Jones Financial Companies Lllp grew its holdings in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares in the last quarter. NBC Securities Inc. increased its position in shares of Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares during the period. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth $40,000. Finally, Versant Capital Management Inc raised its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HST has been the topic of a number of analyst reports. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $18.27.

Host Hotels & Resorts Price Performance

HST stock traded up $0.16 during midday trading on Thursday, reaching $15.73. 12,788,871 shares of the stock were exchanged, compared to its average volume of 8,623,004. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. The company has a fifty day moving average price of $14.84 and a 200 day moving average price of $15.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market capitalization of $10.91 billion, a PE ratio of 16.39 and a beta of 1.32.

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

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 83.33%.

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.