Wealth Enhancement Advisory Services LLC Acquires 16,578 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wealth Enhancement Advisory Services LLC boosted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 46.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,000 shares of the company's stock after acquiring an additional 16,578 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Host Hotels & Resorts were worth $911,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Cohen & Steers Inc. increased 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 valued at $876,115,000 after buying an additional 3,932,928 shares in the last quarter. Norges Bank purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $807,878,000. JPMorgan Chase & Co. lifted its position in shares of Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after acquiring an additional 643,450 shares in the last quarter. Invesco Ltd. increased its holdings in shares of 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 during the last quarter. Finally, Geode Capital Management LLC increased its stake in Host Hotels & Resorts by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after acquiring an additional 350,634 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ HST traded down $0.47 on Friday, hitting $15.22. 10,942,734 shares of the company were exchanged, compared to its average volume of 8,565,827. The firm has a 50 day moving average of $14.67 and a two-hundred day moving average of $16.01. The company has a market cap of $10.56 billion, a P/E ratio of 15.37 and a beta of 1.32. 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, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.26%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 83.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HST. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. 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 research note on Tuesday, April 22nd. Truist Financial dropped their target price 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. Citigroup decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock 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 assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.