Hsbc Holdings PLC Boosts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Hsbc Holdings PLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,878,903 shares of the company's stock after purchasing an additional 397,713 shares during the period. Hsbc Holdings PLC owned about 0.55% of Host Hotels & Resorts worth $67,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $26,000. Jones Financial Companies Lllp raised its holdings in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts during the fourth quarter worth $45,000. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.05 during midday trading on Wednesday, hitting $13.98. The company had a trading volume of 1,727,927 shares, compared to its average volume of 7,972,209. 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 stock's fifty day moving average price is $14.60 and its 200-day moving average price is $16.55. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37. The company has a market capitalization of $9.69 billion, a PE ratio of 14.11 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, research analysts expect 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 announced 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 annualized dividend and a yield of 5.72%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley cut their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Citigroup dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Truist Financial decreased 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 cut 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. Finally, Evercore ISI decreased their price objective on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $18.90.

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.