Vise Technologies Inc. Invests $344,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vise Technologies Inc. acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,636 shares of the company's stock, valued at approximately $344,000.

Other hedge funds have also recently made changes to their positions in the company. National Pension Service acquired a new position in shares of Host Hotels & Resorts during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp grew its holdings in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Host Hotels & Resorts during the fourth quarter valued at about $40,000. IFP Advisors Inc boosted its holdings in Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after purchasing an additional 2,493 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Host Hotels & Resorts during the fourth quarter worth about $57,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on HST shares. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Morgan Stanley decreased their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Price Performance

HST stock traded up $0.06 during midday trading on Thursday, reaching $15.48. The company had a trading volume of 12,215,295 shares, compared to its average volume of 8,242,833. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. The company has a market capitalization of $10.74 billion, a P/E ratio of 15.64 and a beta of 1.29. The firm has a 50-day moving average price of $14.35 and a 200-day moving average price of $16.17.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping 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 business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the company earned $0.60 EPS. The business's quarterly revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared 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 5.17%. Host Hotels & Resorts's payout ratio 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.