Advisors Asset Management Inc. Increases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Advisors Asset Management Inc. grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,517 shares of the company’s stock after purchasing an additional 1,929 shares during the period. Advisors Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Host Hotels & Resorts by 1.4% in the first quarter. California State Teachers Retirement System now owns 1,246,932 shares of the company’s stock valued at $25,787,000 after purchasing an additional 17,326 shares during the period. Tidal Investments LLC boosted its stake in shares of Host Hotels & Resorts by 5.6% in the 1st quarter. Tidal Investments LLC now owns 46,141 shares of the company’s stock valued at $954,000 after buying an additional 2,454 shares during the period. Swedbank AB acquired a new position in shares of Host Hotels & Resorts during the first quarter worth about $15,509,000. Invst LLC purchased a new stake in shares of Host Hotels & Resorts during the first quarter worth approximately $718,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Host Hotels & Resorts by 37.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 605,390 shares of the company’s stock valued at $12,229,000 after acquiring an additional 164,525 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.7 %

HST opened at $18.43 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The business has a 50 day moving average price of $17.83 and a two-hundred day moving average price of $17.67. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $12.88 billion, a PE ratio of 17.89, a P/E/G ratio of 1.67 and a beta of 1.32.

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

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.20 per share. 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 77.67%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Oppenheimer dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. UBS Group decreased their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Evercore ISI dropped their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.32.

About Host Hotels & Resorts

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.