Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,977,338 shares of the company’s stock after purchasing an additional 377,439 shares during the period. Sei Investments Co.’s holdings in Host Hotels & Resorts were worth $52,164,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HST. National Pension Service acquired a new position in Host Hotels & Resorts during the 4th quarter worth about $26,000. Jones Financial Companies Lllp increased its stake in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $40,000. Finally, Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Down 1.8 %

Shares of Host Hotels & Resorts stock opened at $14.69 on Monday. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $16.32 and a 200-day simple moving average of $17.31. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.84 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.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of research firms have issued reports on HST. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup reduced their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.54.

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.