GC Wealth Management RIA LLC Purchases 2,995 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

GC Wealth Management RIA LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 25.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,628 shares of the company’s stock after acquiring an additional 2,995 shares during the period. GC Wealth Management RIA LLC’s holdings in Host Hotels & Resorts were worth $256,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. National Pension Service bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth $26,000. Jones Financial Companies Lllp increased its holdings in shares of 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 last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of 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 worth $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth $40,000. Finally, Eastern Bank bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth $45,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HST shares. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. UBS Group cut their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.21.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $15.34 on Wednesday. The firm has a market cap of $10.72 billion, a PE ratio of 15.49 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $15.26 and a 12-month high of $21.27. 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 company’s fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $17.44.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.