8,600 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,600 shares of the company’s stock, valued at approximately $149,000.

Other hedge funds have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $336,000. Advisors Asset Management Inc. raised its holdings in Host Hotels & Resorts by 11.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock worth $326,000 after buying an additional 1,929 shares during the period. Landscape Capital Management L.L.C. acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $482,000. Charles Schwab Investment Management Inc. raised its holdings in Host Hotels & Resorts by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after buying an additional 181,103 shares during the period. Finally, Cerity Partners LLC raised its holdings in Host Hotels & Resorts by 23.0% during the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock worth $545,000 after buying an additional 5,778 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on HST shares. Citigroup cut their price objective 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. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $16.00 to $15.00 in a report on Friday. Finally, Truist Financial dropped their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Trading Down 1.8 %

Shares of NASDAQ HST opened at $14.69 on Friday. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.84 and a beta of 1.30. 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 has a 50 day simple moving average of $16.32 and a 200 day simple moving average of $17.30. Host Hotels & Resorts, Inc. has a 52 week low of $14.25 and a 52 week high of $20.98.

Host Hotels & Resorts (NASDAQ:HST) last announced its 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 firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. 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.