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

Gotham Asset Management LLC lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 53.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 0.13% of Host Hotels & Resorts worth $16,151,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at $807,878,000. Deutsche Bank AG lifted its holdings in shares of Host Hotels & Resorts by 184.7% during the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Host Hotels & Resorts by 24.7% during 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 in the last quarter. Northern Trust Corp boosted its position in shares of Host Hotels & Resorts by 43.3% during the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after buying an additional 4,158,219 shares during the last quarter. Finally, Cohen & Steers Inc. increased its holdings in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after buying an additional 3,932,928 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded up $0.06 during midday trading on Tuesday, reaching $15.76. 9,309,227 shares of the company were exchanged, compared to its average volume of 8,112,840. The business's fifty day moving average is $14.36 and its two-hundred day moving average is $16.35. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The stock has a market cap of $10.93 billion, a PE ratio of 15.92 and a beta of 1.29. 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 (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating 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 firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 83.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley cut their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target 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.