KLP Kapitalforvaltning AS Makes New $9.50 Million Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

KLP Kapitalforvaltning AS acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 534,166 shares of the company’s stock, valued at approximately $9,495,000. KLP Kapitalforvaltning AS owned approximately 0.08% of Host Hotels & Resorts at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HST. Freedom Investment Management Inc. boosted its stake in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock valued at $380,000 after purchasing an additional 625 shares in the last quarter. Savant Capital LLC boosted its stake in Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after buying an additional 634 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after acquiring an additional 746 shares during the period. Ieq Capital LLC raised its position in Host Hotels & Resorts by 7.3% in the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock worth $233,000 after acquiring an additional 899 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its holdings in Host Hotels & Resorts by 1.3% in the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock valued at $1,364,000 after acquiring an additional 977 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 2.2 %

HST stock opened at $15.02 on Tuesday. The company has a 50 day moving average of $16.28 and a two-hundred day moving average of $17.29. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 15.17 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $14.25 and a 12-month high of $20.98. 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 (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.33%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analyst Upgrades and Downgrades

HST has been the subject of several recent research reports. Citigroup cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday. UBS Group cut 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. Wells Fargo & Company decreased their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $19.54.

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.