Kennedy Capital Management LLC Invests $7.45 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Kennedy Capital Management LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 425,024 shares of the company's stock, valued at approximately $7,446,000. Kennedy Capital Management LLC owned approximately 0.06% of Host Hotels & Resorts at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HST. National Pension Service acquired a new stake in shares of Host Hotels & Resorts during 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 valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in 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 worth $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC purchased a new position in Host Hotels & Resorts during the 4th quarter valued at about $40,000. Finally, Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $45,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

HST traded up $0.31 on Thursday, hitting $13.72. The company's stock had a trading volume of 2,450,471 shares, compared to its average volume of 7,925,902. The firm has a market cap of $9.51 billion, a P/E ratio of 13.85 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.87. The company's 50 day simple moving average is $15.10 and its 200-day simple moving average is $16.79. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.83%. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HST shares. Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Truist Financial decreased their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.17.

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.