Fox Run Management L.L.C. Acquires Shares of 29,952 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fox Run Management L.L.C. bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 29,952 shares of the company’s stock, valued at approximately $525,000.

A number of other large investors have also made changes to their positions in HST. National Pension Service acquired a new position in Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Host Hotels & Resorts during the fourth quarter valued at $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HST shares. UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.54.

Host Hotels & Resorts Stock Performance

HST opened at $14.80 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $10.35 billion, a PE ratio of 14.95 and a beta of 1.30. The stock has a 50-day moving average of $16.23 and a 200-day moving average of $17.28. Host Hotels & Resorts, Inc. has a 52-week low of $14.25 and a 52-week high of $20.85.

Host Hotels & Resorts (NASDAQ:HST) last announced its 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 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.41%. Host Hotels & Resorts’s payout ratio is presently 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.