Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,858 shares of the company’s stock after selling 95,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Host Hotels & Resorts were worth $1,539,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake 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 valued at $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $40,000. Eastern Bank acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $45,000. Farther Finance Advisors LLC increased its position 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 valued at $50,000 after acquiring an additional 867 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $57,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Wall Street Analyst Weigh In
HST has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Raymond James lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.54.
Host Hotels & Resorts Price Performance
Shares of NASDAQ HST opened at $16.03 on Thursday. The business’s 50 day moving average price is $17.04 and its two-hundred day moving average price is $17.48. The company has a market cap of $11.20 billion, a PE ratio of 16.19 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its quarterly earnings data 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.
Host Hotels & Resorts Company 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.
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