Vert Asset Management LLC Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vert Asset Management LLC boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 329,108 shares of the company's stock after purchasing an additional 19,662 shares during the quarter. Host Hotels & Resorts comprises about 1.6% of Vert Asset Management LLC's holdings, making the stock its 21st largest position. Vert Asset Management LLC's holdings in Host Hotels & Resorts were worth $4,677,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Gilman Hill Asset Management LLC grew its stake in Host Hotels & Resorts by 28.8% during the 1st quarter. Gilman Hill Asset Management LLC now owns 42,555 shares of the company's stock valued at $605,000 after purchasing an additional 9,510 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $155,000. NBC Securities Inc. boosted 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 during the period. Czech National Bank increased its stake in shares of Host Hotels & Resorts by 5.9% in the first quarter. Czech National Bank now owns 160,556 shares of the company's stock worth $2,282,000 after acquiring an additional 8,992 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in Host Hotels & Resorts by 10.4% in the first quarter. Rhumbline Advisers now owns 1,520,104 shares of the company's stock valued at $21,601,000 after acquiring an additional 143,747 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HST shares. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Truist Financial dropped their price objective 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. Morgan Stanley reduced their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. 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 research note on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two 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. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $18.27.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $15.76 on Monday. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. The firm has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $16.04. The company has a market capitalization of $10.93 billion, a PE ratio of 15.92 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.08%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 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.

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