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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Cohen & Steers Inc. lifted its position in Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after buying an additional 3,932,928 shares in the last quarter. Norges Bank acquired a new position in Host Hotels & Resorts during the 4th quarter valued at about $807,878,000. JPMorgan Chase & Co. boosted its stake in shares of Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after purchasing an additional 350,634 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Truist Financial decreased their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. 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 research note on Monday, March 17th. Finally, Compass Point downgraded shares of 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 research report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Stock Down 0.9%

NASDAQ HST traded down $0.13 during trading hours on Friday, reaching $14.70. 6,820,607 shares of the company's stock were exchanged, compared to its average volume of 8,193,679. The company's 50-day moving average is $14.33 and its two-hundred day moving average is $16.21. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year 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 company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 14.85 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the prior year, the business earned $0.60 EPS. Host Hotels & Resorts's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 5.44%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

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.