Toronto Dominion Bank Purchases 20,691 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Toronto Dominion Bank increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 374,284 shares of the company's stock after acquiring an additional 20,691 shares during the period. Toronto Dominion Bank owned about 0.05% of Host Hotels & Resorts worth $6,557,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HST. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $807,878,000. Deutsche Bank AG grew its holdings in shares of Host Hotels & Resorts by 184.7% in the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock worth $170,855,000 after acquiring an additional 6,326,709 shares during the period. Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $99,402,000. Invesco Ltd. grew its holdings in shares of Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after acquiring an additional 4,460,468 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares during the period. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on HST. Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Raymond James cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Finally, Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus price target of $18.27.

Host Hotels & Resorts Trading Up 0.2%

HST stock traded up $0.03 during midday trading on Friday, reaching $15.51. 60,055,561 shares of the company traded hands, compared to its average volume of 8,451,218. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The business has a 50 day moving average of $14.37 and a 200-day moving average of $16.13. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 15.67 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $1.55 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.16%. Host Hotels & Resorts's dividend payout ratio is 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.