Duff & Phelps Investment Management Co. Boosts Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Duff & Phelps Investment Management Co. grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 92.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,764,294 shares of the company’s stock after purchasing an additional 1,331,407 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Host Hotels & Resorts were worth $48,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its stake in shares of Host Hotels & Resorts by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,097,502 shares of the company’s stock valued at $19,316,000 after purchasing an additional 20,629 shares during the period. MML Investors Services LLC boosted its stake in shares of Host Hotels & Resorts by 18.8% in the third quarter. MML Investors Services LLC now owns 201,292 shares of the company’s stock valued at $3,543,000 after purchasing an additional 31,919 shares during the period. XTX Topco Ltd purchased a new position in shares of Host Hotels & Resorts in the third quarter valued at approximately $1,273,000. iA Global Asset Management Inc. boosted its stake in shares of Host Hotels & Resorts by 60.8% in the third quarter. iA Global Asset Management Inc. now owns 62,516 shares of the company’s stock valued at $1,100,000 after purchasing an additional 23,637 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 92.2% in the third quarter. EP Wealth Advisors LLC now owns 36,344 shares of the company’s stock valued at $640,000 after purchasing an additional 17,436 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HST. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their target price for the company from $18.00 to $22.00 in a report on Thursday, October 17th. UBS Group cut their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Finally, Oppenheimer cut their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.32.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $18.80 on Monday. The firm’s fifty day moving average price is $17.84 and its 200 day moving average price is $17.67. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market cap of $13.14 billion, a price-to-earnings ratio of 18.25 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.