LSV Asset Management Acquires 734,100 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

LSV Asset Management grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,068,300 shares of the company’s stock after acquiring an additional 734,100 shares during the period. LSV Asset Management’s holdings in Host Hotels & Resorts were worth $158,877,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in Host Hotels & Resorts by 4.9% during the third quarter. Rockefeller Capital Management L.P. now owns 27,882 shares of the company’s stock worth $492,000 after buying an additional 1,292 shares during the period. Quantinno Capital Management LP boosted its position in shares of Host Hotels & Resorts by 2.0% in the 3rd quarter. Quantinno Capital Management LP now owns 55,818 shares of the company’s stock worth $982,000 after buying an additional 1,121 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Host Hotels & Resorts by 92.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 36,344 shares of the company’s stock valued at $640,000 after acquiring an additional 17,436 shares during the last quarter. MML Investors Services LLC raised its holdings in Host Hotels & Resorts by 18.8% in the third quarter. MML Investors Services LLC now owns 201,292 shares of the company’s stock valued at $3,543,000 after buying an additional 31,919 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its position in Host Hotels & Resorts by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,097,502 shares of the company’s stock valued at $19,316,000 after acquiring an additional 20,629 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $14.00 in a research note on Wednesday. UBS Group reduced their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company lowered their price objective 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. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $15.00 in a research note on Friday, March 21st. 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 research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $19.17.

Host Hotels & Resorts Trading Up 12.0 %

HST opened at $14.22 on Thursday. The firm’s fifty day moving average price is $15.40 and its 200 day moving average price is $16.94. The stock has a market capitalization of $9.94 billion, a PE ratio of 14.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $20.59.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion for 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%. As a group, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 5.63%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) 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.