Van Lanschot Kempen Investment Management N.V. Increases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Van Lanschot Kempen Investment Management N.V. raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 86.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,256 shares of the company's stock after purchasing an additional 220,357 shares during the period. Van Lanschot Kempen Investment Management N.V. owned 0.07% of Host Hotels & Resorts worth $8,326,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Invst LLC increased its holdings in shares of Host Hotels & Resorts by 6.7% in the 3rd quarter. Invst LLC now owns 37,581 shares of the company's stock valued at $661,000 after acquiring an additional 2,376 shares during the period. Sanctuary Advisors LLC grew its position in Host Hotels & Resorts by 23.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company's stock worth $467,000 after purchasing an additional 4,870 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Host Hotels & Resorts during the 3rd quarter worth $182,000. Tidal Investments LLC increased its stake in Host Hotels & Resorts by 27.1% in the third quarter. Tidal Investments LLC now owns 31,038 shares of the company's stock valued at $546,000 after purchasing an additional 6,611 shares during the period. Finally, GAMMA Investing LLC increased its stake in Host Hotels & Resorts by 42.9% in the fourth quarter. GAMMA Investing LLC now owns 12,275 shares of the company's stock valued at $215,000 after purchasing an additional 3,684 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. UBS Group dropped their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Wells Fargo & Company dropped 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 note on Tuesday, February 18th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Two investment 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $19.10.

Host Hotels & Resorts Price Performance

HST traded down $0.05 on Friday, hitting $13.88. 5,064,411 shares of the company were exchanged, compared to its average volume of 7,998,548. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The business's fifty day moving average is $14.72 and its 200 day moving average is $16.59. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87. The firm has a market capitalization of $9.62 billion, a P/E ratio of 14.02 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $1.37 billion. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.76%. Host Hotels & Resorts's payout ratio is currently 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.