UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 5,811,722 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 537.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,893,087 shares of the company’s stock after buying an additional 5,811,722 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.99% of Host Hotels & Resorts worth $121,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. Blue Trust Inc. raised its position in shares of Host Hotels & Resorts by 212.7% during the second 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. bought a new position in Host Hotels & Resorts during the second quarter valued at about $30,000. Farther Finance Advisors LLC raised its holdings in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after acquiring an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $51,000. Finally, Family Firm Inc. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $56,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HST shares. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Robert W. Baird reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 26th. Oppenheimer cut their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $21.32.

Host Hotels & Resorts Trading Down 0.1 %

HST opened at $18.42 on Monday. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The firm has a 50-day moving average price of $17.82 and a two-hundred day moving average price of $17.66. The stock has a market capitalization of $12.88 billion, a PE ratio of 17.88, a PEG ratio of 1.66 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

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 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal 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 $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.34%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio 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.