J. Safra Sarasin Holding AG Purchases New Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

J. Safra Sarasin Holding AG acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 29,378 shares of the company's stock, valued at approximately $515,000.

A number of other large investors have also added to or reduced their stakes in HST. Cohen & Steers Inc. raised its stake in shares of Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after purchasing an additional 3,932,928 shares during the last quarter. Norges Bank bought a new stake in Host Hotels & Resorts during the fourth quarter valued at about $807,878,000. JPMorgan Chase & Co. boosted its stake in shares of Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock worth $649,076,000 after acquiring an additional 643,450 shares during the period. Invesco Ltd. grew its position in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after purchasing an additional 4,460,468 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Host Hotels & Resorts by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after buying an additional 350,634 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HST. Morgan Stanley cut their price objective on shares of 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. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. UBS Group decreased 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 research note on Tuesday, January 28th. 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 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 assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Trading Up 0.2 %

Host Hotels & Resorts stock traded up $0.03 during trading on Tuesday, reaching $14.01. 2,546,844 shares of the company were exchanged, compared to its average volume of 7,968,316. The stock's 50 day simple moving average is $14.66 and its two-hundred day simple moving average is $16.57. The company has a market capitalization of $9.71 billion, a P/E ratio of 14.13 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.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, equities research 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.71%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

About Host Hotels & Resorts

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.