Price T Rowe Associates Inc. MD Buys 3,158,118 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Price T Rowe Associates Inc. MD lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 198.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,748,185 shares of the company's stock after purchasing an additional 3,158,118 shares during the period. Price T Rowe Associates Inc. MD owned 0.68% of Host Hotels & Resorts worth $83,190,000 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 position in shares of Host Hotels & Resorts in the 4th quarter valued at $26,000. Jones Financial Companies Lllp lifted its holdings in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $40,000. Finally, Eastern Bank acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth about $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 1.8 %

Shares of Host Hotels & Resorts stock traded up $0.26 on Friday, reaching $14.79. 9,124,038 shares of the company were exchanged, compared to its average volume of 8,051,342. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 14.94 and a beta of 1.26. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The company has a 50-day moving average of $14.50 and a 200 day moving average of $16.48.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.41%. Host Hotels & Resorts's payout ratio is 80.81%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Raymond James lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. UBS Group lowered their price objective on shares of 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. Wells Fargo & Company cut their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Two equities 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's stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and an average price target 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.