CIBC Asset Management Inc Boosts Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

CIBC Asset Management Inc lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,645 shares of the company’s stock after buying an additional 4,064 shares during the period. CIBC Asset Management Inc’s holdings in Host Hotels & Resorts were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Host Hotels & Resorts by 537.4% in the third 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. Daiwa Securities Group Inc. boosted its holdings in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares during the last quarter. KBC Group NV increased its holdings 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 worth $98,305,000 after buying an additional 3,412,589 shares during the last quarter. Duff & Phelps Investment Management Co. increased its holdings in Host Hotels & Resorts by 92.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after buying an additional 1,331,407 shares during the last quarter. Finally, State Street Corp increased its holdings in Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after buying an additional 950,431 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of research analyst reports. Raymond James dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday. Stifel Nicolaus dropped their price target 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. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Stock Down 2.5 %

HST opened at $16.34 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The firm’s 50 day simple moving average is $17.18 and its two-hundred day simple moving average is $17.47. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.42 billion, a PE ratio of 16.51 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 analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.31% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.91 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is 80.81%.

About Host Hotels & Resorts

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.