Wealth Enhancement Advisory Services LLC Raises Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 46.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,000 shares of the company's stock after buying an additional 16,578 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Host Hotels & Resorts were worth $911,000 as of its most recent filing with the Securities & Exchange Commission.

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

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded down $0.15 on Thursday, hitting $15.82. 4,031,627 shares of the company's stock were exchanged, compared to its average volume of 9,872,070. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The company has a 50-day simple moving average of $14.62 and a 200-day simple moving average of $16.03. 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 stock has a market capitalization of $10.97 billion, a PE ratio of 15.98 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.06%. Host Hotels & Resorts's payout ratio is 83.33%.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent research reports. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Raymond James dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced 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 research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $18.27.

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.