MQS Management LLC Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

MQS Management LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 79,158 shares of the company’s stock, valued at approximately $1,125,000. Host Hotels & Resorts makes up 0.6% of MQS Management LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. grew its position in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after buying an additional 1,852 shares in the last quarter. Jones Financial Companies Lllp grew its position 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 buying an additional 1,088 shares in the last quarter. Versant Capital Management Inc grew its position in Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $33,000 after buying an additional 2,047 shares in the last quarter. Farther Finance Advisors LLC grew its position in Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock worth $62,000 after buying an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC purchased a new position in Host Hotels & Resorts during the first quarter worth about $66,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HST shares. Morgan Stanley cut their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday, March 21st. Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Citigroup cut 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. Finally, JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.96.

Host Hotels & Resorts Trading Down 0.4%

HST opened at $16.52 on Friday. The business has a 50 day simple moving average of $15.55 and a two-hundred day simple moving average of $15.61. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. Host Hotels & Resorts’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Monday, June 30th. Host Hotels & Resorts’s payout ratio is 83.33%.

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.