Teacher Retirement System of Texas acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 102,227 shares of the company's stock, valued at approximately $1,453,000.
A number of other hedge funds have also recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after acquiring an additional 1,852 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Host Hotels & Resorts by 202.6% in the fourth 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. Versant Capital Management Inc grew its stake in shares of Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after buying an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in Host Hotels & Resorts during the first quarter valued at about $66,000. 98.52% of the stock is owned by institutional investors and hedge funds.
Host Hotels & Resorts Stock Down 0.4%
HST stock opened at $16.52 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $11.46 billion, a PE ratio of 17.21 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The business's 50 day simple moving average is $15.55 and its 200 day simple moving average is $15.63.
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 for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.84%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on HST shares. Morgan Stanley reduced their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Finally, Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Host Hotels & Resorts has an average rating of "Hold" and an average price target of $17.96.
Get Our Latest Stock Report on HST
About Host Hotels & Resorts
(
Free Report)
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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