Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in Host Hotels & Resorts by 11.0% in the first quarter, now owning 336,209 shares valued at approximately $4.78 million.
• The company's recent quarterly earnings report showed an EPS of $0.58, exceeding estimates, and an 8.2% increase in revenue year-over-year.
• Host Hotels & Resorts also announced a quarterly dividend of $0.20 per share, reflecting a 5.2% dividend yield and a payout ratio of 85.11%.

TD Asset Management Inc increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,209 shares of the company's stock after buying an additional 33,251 shares during the quarter. TD Asset Management Inc's holdings in Host Hotels & Resorts were worth $4,778,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HST. NBC Securities Inc. grew its stake in shares of Host Hotels & Resorts by 185,200.0% in 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 raised its stake in Host Hotels & Resorts by 696.3% during the 1st 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 period. IFP Advisors Inc increased its holdings in Host Hotels & Resorts by 28.4% during the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after purchasing an additional 807 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 80.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Host Hotels & Resorts in the 1st quarter valued at about $66,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

HST has been the subject of several research reports. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday. 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 for the company. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $17.96.

Host Hotels & Resorts Trading Up 1.0%

Shares of HST traded up $0.16 during trading on Monday, reaching $15.69. 12,298,499 shares of the company traded hands, compared to its average volume of 9,403,358. The company has a quick ratio of 2.08, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market cap of $10.88 billion, a PE ratio of 16.69 and a beta of 1.34. The stock has a 50-day simple moving average of $15.89 and a 200-day simple moving average of $15.48. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.1%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 85.11%.

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.