LPL Financial LLC Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

LPL Financial LLC increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 72.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,430 shares of the company's stock after purchasing an additional 55,971 shares during the quarter. LPL Financial LLC's holdings in Host Hotels & Resorts were worth $2,338,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its stake in shares of Host Hotels & Resorts by 16.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock worth $278,554,000 after buying an additional 2,261,877 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company's stock valued at $181,685,000 after purchasing an additional 69,198 shares in the last quarter. KBC Group NV boosted its position in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after purchasing an additional 3,412,589 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Host Hotels & Resorts by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 5,584,700 shares of the company's stock worth $97,844,000 after purchasing an additional 246,376 shares in the last quarter. Finally, Amundi lifted its stake in shares of Host Hotels & Resorts by 21.4% during the 4th quarter. Amundi now owns 3,542,542 shares of the company's stock valued at $60,089,000 after buying an additional 625,317 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 1.9 %

Shares of HST traded up $0.25 during mid-day trading on Friday, hitting $13.66. 5,532,413 shares of the company traded hands, compared to its average volume of 7,948,612. The company has a market capitalization of $9.47 billion, a PE ratio of 13.80 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average of $14.99 and a 200 day moving average of $16.74. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.87.

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

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.86%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HST shares. Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Compass Point cut 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 report on Monday, March 10th. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Finally, Truist Financial reduced their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Two equities 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $19.17.

Host Hotels & Resorts Company 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.