HGI Capital Management LLC Acquires Shares of 258,887 Host Hotels & Resorts, Inc. (NASDAQ:HST)

HGI Capital Management LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 258,887 shares of the company's stock, valued at approximately $4,536,000. Host Hotels & Resorts makes up about 4.7% of HGI Capital Management LLC's holdings, making the stock its 8th largest holding.

A number of other hedge funds have also recently made changes to their positions in the business. Savant Capital LLC grew its position in shares of Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock valued at $428,000 after acquiring an additional 634 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after purchasing an additional 746 shares during the period. Ieq Capital LLC increased its position in Host Hotels & Resorts by 7.3% in the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock worth $233,000 after buying an additional 899 shares in the last quarter. Meridian Financial Partners LLC raised its stake in shares of Host Hotels & Resorts by 1.3% in the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock worth $1,364,000 after buying an additional 977 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 1.2 %

NASDAQ HST traded up $0.16 during mid-day trading on Wednesday, reaching $13.98. 3,455,531 shares of the stock were exchanged, compared to its average volume of 7,955,583. The stock has a market capitalization of $9.69 billion, a PE ratio of 14.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.87. The business's fifty day simple moving average is $14.88 and its 200 day simple moving average is $16.68.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Truist Financial cut their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, Raymond James lowered their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.10.

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.