Raymond James Financial Inc. Makes New $17.59 Million Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Raymond James Financial Inc. purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,003,776 shares of the company's stock, valued at approximately $17,586,000. Raymond James Financial Inc. owned 0.14% of Host Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Savant Capital LLC lifted its holdings in shares of Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after acquiring an additional 634 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock worth $1,297,000 after purchasing an additional 746 shares during the last quarter. Ieq Capital LLC lifted its stake in Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock worth $233,000 after purchasing an additional 899 shares during the last quarter. Meridian Financial Partners LLC boosted its holdings in shares of Host Hotels & Resorts by 1.3% in the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock worth $1,364,000 after purchasing an additional 977 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Host Hotels & Resorts by 94.9% during 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. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 1.4 %

NASDAQ HST traded down $0.20 on Friday, hitting $13.74. The company's stock had a trading volume of 1,544,465 shares, compared to its average volume of 7,953,746. 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 52-week low of $12.22 and a 52-week high of $19.87. The firm has a market cap of $9.52 billion, a P/E ratio of 13.88 and a beta of 1.26. The company's 50-day simple moving average is $14.78 and its 200 day simple moving average is $16.63.

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

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Morgan Stanley cut their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, Citigroup reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. 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 stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.10.

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.