Investment Management Corp of Ontario Buys 31,750 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Investment Management Corp of Ontario lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 17.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 213,458 shares of the company's stock after acquiring an additional 31,750 shares during the period. Investment Management Corp of Ontario's holdings in Host Hotels & Resorts were worth $3,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HST. Tidal Investments LLC raised its stake in shares of Host Hotels & Resorts by 27.1% in the 3rd quarter. Tidal Investments LLC now owns 31,038 shares of the company's stock valued at $546,000 after acquiring an additional 6,611 shares in the last quarter. Czech National Bank lifted its holdings in shares of Host Hotels & Resorts by 5.9% during the fourth quarter. Czech National Bank now owns 151,564 shares of the company's stock worth $2,655,000 after buying an additional 8,470 shares during the last quarter. Eastern Bank acquired a new position in shares of Host Hotels & Resorts during the fourth quarter worth approximately $45,000. Meridian Financial Partners LLC lifted its holdings in shares of Host Hotels & Resorts by 1.3% during 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 last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Host Hotels & Resorts by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 106,073 shares of the company's stock worth $1,858,000 after buying an additional 10,463 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HST. Truist Financial decreased 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 report on Friday, March 21st. Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Evercore ISI decreased their price objective on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, UBS Group cut their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.90.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded down $0.10 on Thursday, reaching $15.40. The company's stock had a trading volume of 7,154,114 shares, compared to its average volume of 8,127,607. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29. The business's fifty day moving average price is $14.34 and its 200 day moving average price is $16.34. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. Equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.19%. Host Hotels & Resorts's payout ratio is currently 83.33%.

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.