BNP Paribas Financial Markets Raises Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BNP Paribas Financial Markets raised its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 956,122 shares of the company's stock after buying an additional 152,979 shares during the quarter. BNP Paribas Financial Markets owned about 0.14% of Host Hotels & Resorts worth $16,751,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC acquired a new position in Host Hotels & Resorts in the 4th quarter worth approximately $375,000. Avanza Fonder AB acquired a new position in Host Hotels & Resorts in the 4th quarter worth approximately $1,457,000. Vert Asset Management LLC increased its holdings in Host Hotels & Resorts by 9.4% in the 4th quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock worth $5,421,000 after buying an additional 26,678 shares during the period. IFP Advisors Inc increased its holdings in Host Hotels & Resorts by 716.4% in the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after buying an additional 2,493 shares during the period. Finally, KBC Group NV increased its holdings in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after buying an additional 3,412,589 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

HST traded down $0.04 on Thursday, hitting $15.47. 2,612,109 shares of the company's stock were exchanged, compared to its average volume of 8,110,119. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.37. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $14.34 and a 200-day moving average price of $16.34. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 15.63 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm's quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.17%. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HST. 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 report on Tuesday, April 22nd. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Monday, April 28th. UBS Group cut their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. 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 report on Tuesday, February 18th. Finally, Truist Financial dropped their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. 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. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of "Hold" and a consensus target price of $18.90.

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.