Envestnet Asset Management Inc. Increases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Envestnet Asset Management Inc. boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 56.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 785,828 shares of the company's stock after purchasing an additional 282,726 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of Host Hotels & Resorts worth $13,768,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HST. Norges Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter valued at $807,878,000. JPMorgan Chase & Co. boosted its stake in shares of Host Hotels & Resorts by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after acquiring an additional 643,450 shares during the last quarter. Geode Capital Management LLC increased its position in Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after purchasing an additional 350,634 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after purchasing an additional 2,261,877 shares during the last quarter. Finally, Centersquare Investment Management LLC lifted its holdings in Host Hotels & Resorts by 12.3% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Citigroup lowered their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Wells Fargo & Company reduced their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. 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. Finally, Morgan Stanley dropped their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday. Two 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $19.10.

Host Hotels & Resorts Trading Up 2.3 %

NASDAQ HST traded up $0.31 during mid-day trading on Tuesday, hitting $13.82. The company's stock had a trading volume of 9,346,596 shares, compared to its average volume of 7,972,988. The firm has a market capitalization of $9.58 billion, a P/E ratio of 13.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.87. The stock's fifty day simple moving average is $14.88 and its two-hundred day simple moving average is $16.68.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 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 the consensus estimate of $1.37 billion. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.79%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

Host Hotels & Resorts 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.