Rush Island Management LP Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,673,604 shares of the company's stock, valued at approximately $99,402,000. Host Hotels & Resorts accounts for about 6.6% of Rush Island Management LP's portfolio, making the stock its 8th largest holding. Rush Island Management LP owned about 0.81% of Host Hotels & Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. National Pension Service bought a new position in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its holdings in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the 4th quarter valued at $45,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Trading Down 0.6%

Shares of HST opened at $15.40 on Friday. The firm's 50-day moving average price is $14.33 and its 200-day moving average price is $16.33. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29. 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 1-year low of $12.22 and a 1-year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm posted $0.60 EPS. Sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed 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. This represents a $0.80 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 83.33%.

Analysts Set New Price Targets

Several analysts have recently weighed in on HST shares. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Evercore ISI cut their price target on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Truist Financial cut 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 report on Friday, March 21st. Finally, Citigroup cut their price target 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus target price of $18.90.

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.

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