Penserra Capital Management LLC Has $623,000 Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Penserra Capital Management LLC reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 13.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 35,424 shares of the company’s stock after selling 5,337 shares during the period. Penserra Capital Management LLC’s holdings in Host Hotels & Resorts were worth $623,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. California State Teachers Retirement System boosted its position in Host Hotels & Resorts by 1.4% during the first quarter. California State Teachers Retirement System now owns 1,246,932 shares of the company’s stock worth $25,787,000 after purchasing an additional 17,326 shares during the period. Tidal Investments LLC lifted its stake in shares of Host Hotels & Resorts by 5.6% during the 1st quarter. Tidal Investments LLC now owns 46,141 shares of the company’s stock worth $954,000 after buying an additional 2,454 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in shares of Host Hotels & Resorts by 3,440.2% during the 1st quarter. Plato Investment Management Ltd now owns 25,100 shares of the company’s stock worth $519,000 after buying an additional 24,391 shares during the period. Swedbank AB acquired a new position in Host Hotels & Resorts in the 1st quarter valued at about $15,509,000. Finally, PGGM Investments raised its holdings in Host Hotels & Resorts by 3.1% in the 1st quarter. PGGM Investments now owns 3,053,756 shares of the company’s stock valued at $63,152,000 after acquiring an additional 92,047 shares during the period. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Evercore ISI decreased their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.32.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $18.43 on Thursday. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company’s 50 day simple moving average is $17.83 and its 200 day simple moving average is $17.67.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the business posted $0.41 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.