Stifel Financial Corp Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Stifel Financial Corp grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2,599.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 470,386 shares of the company's stock after buying an additional 452,963 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Host Hotels & Resorts worth $8,241,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $375,000. Avanza Fonder AB purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $1,457,000. Vert Asset Management LLC grew its position in shares of Host Hotels & Resorts by 9.4% in the 4th quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock worth $5,421,000 after buying an additional 26,678 shares during the period. IFP Advisors Inc grew its position in shares of Host Hotels & Resorts by 716.4% in the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after buying an additional 2,493 shares during the period. Finally, KBC Group NV grew its position in shares of Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after buying an additional 3,412,589 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analyst Weigh In

HST has been the topic of a number of recent research reports. Raymond James reduced 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 objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Monday. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Citigroup cut 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 research report on Monday, March 17th. Finally, Truist Financial cut their price objective 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 analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $13.98 on Tuesday. The firm's 50 day moving average price is $14.66 and its 200-day moving average price is $16.57. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.87. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $9.69 billion, a PE ratio of 14.12 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its 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 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 analysts' expectations of $1.37 billion. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

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.

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