JPMorgan Chase & Co. Has $649.08 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

JPMorgan Chase & Co. grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 37,047,730 shares of the company’s stock after acquiring an additional 643,450 shares during the period. JPMorgan Chase & Co. owned about 0.05% of Host Hotels & Resorts worth $649,076,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. KBC Group NV boosted its position in Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after acquiring an additional 3,412,589 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in Host Hotels & Resorts by 16.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after acquiring an additional 2,261,877 shares during the period. Prudential Financial Inc. raised its position in shares of Host Hotels & Resorts by 75.0% in the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock worth $58,590,000 after acquiring an additional 1,432,772 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its stake in shares of Host Hotels & Resorts by 92.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after purchasing an additional 1,331,407 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $14.27 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.15 and a fifty-two week high of $20.85. The company’s 50-day moving average is $16.07 and its 200 day moving average is $17.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market capitalization of $9.98 billion, a P/E ratio of 14.41 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results 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 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 analyst estimates of $1.37 billion. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share 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. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

Analysts Set New Price Targets

HST has been the topic of several recent analyst reports. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.