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

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

Other large investors have also recently bought and sold shares of the company. Private Advisor Group LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at $375,000. Vert Asset Management LLC boosted its holdings in Host Hotels & Resorts by 9.4% in the 4th quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock valued at $5,421,000 after purchasing an additional 26,678 shares during the period. IFP Advisors Inc boosted its holdings in Host Hotels & Resorts by 716.4% in the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after purchasing an additional 2,493 shares during the period. KBC Group NV boosted its holdings in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock valued at $98,305,000 after purchasing an additional 3,412,589 shares during the period. Finally, New England Research & Management Inc. bought a new position in Host Hotels & Resorts in the 4th quarter valued at $349,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HST has been the subject of several analyst reports. Truist Financial cut their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Wells Fargo & Company cut their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Citigroup dropped 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 report on Monday, March 17th. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Trading Up 4.0%

Shares of HST stock traded up $0.60 during mid-day trading on Tuesday, reaching $15.30. The stock had a trading volume of 2,264,644 shares, compared to its average volume of 9,370,421. The stock's 50-day moving average price is $14.32 and its two-hundred day moving average price is $16.18. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The firm has a market capitalization of $10.61 billion, a PE ratio of 15.45 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released 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 net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. Equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is 83.33%.

Host Hotels & Resorts 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.