Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 250.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,599 shares of the company's stock after purchasing an additional 44,753 shares during the period. SG Americas Securities LLC's holdings in Host Hotels & Resorts were worth $890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of HST. Empowered Funds LLC bought a new stake in Host Hotels & Resorts during the 4th quarter valued at about $312,000. Van ECK Associates Corp increased its holdings in Host Hotels & Resorts by 12.0% during the 4th quarter. Van ECK Associates Corp now owns 151,692 shares of the company's stock worth $2,658,000 after purchasing an additional 16,235 shares during the period. State of New Jersey Common Pension Fund D raised its position in Host Hotels & Resorts by 4.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 391,272 shares of the company's stock valued at $6,855,000 after purchasing an additional 16,441 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter worth $57,000. Finally, CIBC Asset Management Inc grew its position in shares of Host Hotels & Resorts by 4.0% during the 4th quarter. CIBC Asset Management Inc now owns 106,645 shares of the company's stock worth $1,868,000 after buying an additional 4,064 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ HST traded down $0.06 on Friday, hitting $15.67. The company had a trading volume of 13,372,347 shares, compared to its average volume of 8,650,328. 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 company's fifty day moving average price is $14.93 and its 200-day moving average price is $15.87. The company has a market capitalization of $10.87 billion, a PE ratio of 16.32 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.60 EPS. Host Hotels & Resorts's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.11%. The ex-dividend date is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HST. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $18.27.

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.