Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Covestor Ltd

Covestor Ltd increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 102.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,052 shares of the company’s stock after acquiring an additional 3,570 shares during the period. Covestor Ltd’s holdings in Host Hotels & Resorts were worth $123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HST. Norges Bank purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $807,878,000. JPMorgan Chase & Co. increased its holdings in Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after purchasing an additional 643,450 shares during the period. Invesco Ltd. raised its position in Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after purchasing an additional 4,460,468 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company’s stock valued at $336,539,000 after buying an additional 350,634 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in shares of Host Hotels & Resorts by 16.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after buying an additional 2,261,877 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $13.71 on Friday. The firm’s fifty day simple moving average is $15.28 and its 200-day simple moving average is $16.88. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market cap of $9.58 billion, a PE ratio of 13.85 and a beta of 1.26. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $20.33.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.00 to $14.00 in a research note on Wednesday. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $16.00 to $15.00 in a report on Friday, March 21st. UBS Group cut their price target 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, Citigroup decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $19.17.

About Host Hotels & Resorts

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.