Metis Global Partners LLC Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Metis Global Partners LLC grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 21.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,892 shares of the company’s stock after acquiring an additional 16,627 shares during the quarter. Metis Global Partners LLC’s holdings in Host Hotels & Resorts were worth $1,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. BROOKFIELD Corp ON acquired a new position in Host Hotels & Resorts during the first quarter valued at $25,000. Blue Trust Inc. raised its stake in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Host Hotels & Resorts during the second quarter worth about $51,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Truist Financial lowered their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. UBS Group cut their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Robert W. Baird lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Price Performance

Shares of HST opened at $17.26 on Friday. The firm has a 50-day simple moving average of $17.72 and a two-hundred day simple moving average of $17.70. The stock has a market cap of $12.07 billion, a PE ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 1.32. 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 4.55.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Host Hotels & Resorts Company Profile

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.