Gotham Asset Management LLC Acquires 322,057 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Gotham Asset Management LLC boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 53.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 921,833 shares of the company's stock after buying an additional 322,057 shares during the quarter. Gotham Asset Management LLC owned 0.13% of Host Hotels & Resorts worth $16,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Host Hotels & Resorts during the fourth quarter worth about $807,878,000. Deutsche Bank AG increased its stake in shares of Host Hotels & Resorts by 184.7% during the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after acquiring an additional 6,326,709 shares during the last quarter. Invesco Ltd. boosted 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 worth $395,171,000 after buying an additional 4,460,468 shares during the period. Northern Trust Corp grew its stake in Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after purchasing an additional 4,158,219 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its holdings in shares of Host Hotels & Resorts by 8.5% during the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after acquiring an additional 3,932,928 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 0.9%

NASDAQ:HST traded up $0.14 during trading hours on Friday, hitting $15.54. 1,953,208 shares of the stock traded hands, compared to its average volume of 8,113,074. 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 fifty-two week low of $12.22 and a fifty-two week high of $19.37. The firm has a 50 day moving average price of $14.33 and a 200 day moving average price of $16.33. The firm has a market cap of $10.78 billion, a price-to-earnings ratio of 15.72 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is 83.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HST. Compass Point cut 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 research report on Monday, March 10th. Wells Fargo & Company cut their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Evercore ISI cut their price objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley decreased their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.90.

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.