Zurcher Kantonalbank Zurich Cantonalbank Has $22.49 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Zurcher Kantonalbank increased its stake in Host Hotels & Resorts by 16.9%, now owning approximately 1.58 million shares worth around $22.49 million.
• Host Hotels reported a quarterly earnings per share (EPS) of $0.64, surpassing analysts' expectations of $0.56, with an annual revenue increase of 8.4%.
• The company announced a quarterly dividend of $0.20 per share, with a dividend yield of 4.91% and a high payout ratio of 83.33%.

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 16.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,582,696 shares of the company's stock after acquiring an additional 228,895 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.23% of Host Hotels & Resorts worth $22,490,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. raised its position in shares of Host Hotels & Resorts by 8.5% in the fourth 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 during the period. Invesco Ltd. raised its position 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 valued at $395,171,000 after purchasing an additional 4,460,468 shares during the period. Geode Capital Management LLC raised its position in shares of Host Hotels & Resorts by 1.9% in the fourth 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 period. Northern Trust Corp raised its position in shares of Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the period. Finally, Centersquare Investment Management LLC raised its position in shares of Host Hotels & Resorts by 12.3% in the fourth quarter. Centersquare Investment Management LLC now owns 11,052,156 shares of the company's stock valued at $193,634,000 after purchasing an additional 1,213,970 shares during the period. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HST has been the topic of several research analyst reports. Evercore ISI increased their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $17.96.

Host Hotels & Resorts Trading Down 1.2%

NASDAQ HST traded down $0.19 during mid-day trading on Friday, reaching $15.54. 9,356,666 shares of the stock were exchanged, compared to its average volume of 9,771,480. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The stock has a 50 day simple moving average of $15.87 and a 200-day simple moving average of $15.52. The stock has a market cap of $10.78 billion, a P/E ratio of 16.56 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.89%. Host Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.1%. Host Hotels & Resorts's payout ratio is currently 85.11%.

About Host Hotels & Resorts

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.