Waterfront Capital Partners LLC Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Waterfront Capital Partners LLC grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 699,322 shares of the company's stock after purchasing an additional 44,369 shares during the quarter. Host Hotels & Resorts makes up about 2.3% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 21st largest position. Waterfront Capital Partners LLC owned 0.10% of Host Hotels & Resorts worth $12,252,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HST. National Pension Service purchased a new position in Host Hotels & Resorts during the 4th quarter valued at $26,000. Jones Financial Companies Lllp grew its stake in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the period. 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 worth $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 fourth quarter worth $40,000. Finally, Eastern Bank purchased a new position in Host Hotels & Resorts during the fourth quarter valued at $45,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on HST. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Raymond James decreased their target price on shares of 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 dropped their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, Citigroup dropped their target price on 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 research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Stock Performance

Shares of HST traded down $0.15 during mid-day trading on Wednesday, hitting $13.88. 3,961,468 shares of the company traded hands, compared to its average volume of 7,981,541. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 14.02 and a beta of 1.26. The stock has a 50-day moving average price of $14.60 and a two-hundred day moving average price of $16.55.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business 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. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.76%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

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.