Charles Schwab Investment Management Inc. Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Charles Schwab Investment Management Inc. grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,300,937 shares of the company’s stock after acquiring an additional 181,103 shares during the period. Charles Schwab Investment Management Inc. owned about 1.47% of Host Hotels & Resorts worth $181,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of HST. Shell Asset Management Co. purchased a new stake in Host Hotels & Resorts during the 1st quarter worth about $371,000. Quadrature Capital Ltd increased its stake in shares of Host Hotels & Resorts by 3.0% during the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock worth $568,000 after buying an additional 790 shares during the period. Zurich Insurance Group Ltd FI raised its holdings in Host Hotels & Resorts by 0.3% in the first quarter. Zurich Insurance Group Ltd FI now owns 2,643,272 shares of the company’s stock valued at $54,663,000 after acquiring an additional 7,022 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts in the first quarter worth approximately $25,000. Finally, California State Teachers Retirement System grew its holdings in Host Hotels & Resorts by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 1,246,932 shares of the company’s stock worth $25,787,000 after acquiring an additional 17,326 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Evercore ISI lowered their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Truist Financial dropped their price target 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. Two equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.18.

Host Hotels & Resorts Stock Up 2.0 %

HST opened at $18.25 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The business has a 50 day moving average price of $17.79 and a two-hundred day moving average price of $17.67. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $12.76 billion, a PE ratio of 17.72, a P/E/G ratio of 1.62 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.38%. Host Hotels & Resorts’s dividend payout ratio is currently 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.