Allstate Corp Has $2.51 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allstate Corp increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 316.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,314 shares of the company’s stock after acquiring an additional 108,864 shares during the quarter. Allstate Corp’s holdings in Host Hotels & Resorts were worth $2,511,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in Host Hotels & Resorts during the 4th quarter valued at about $807,878,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Host Hotels & Resorts by 537.4% during 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 period. KBC Group NV grew its position 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 valued at $98,305,000 after purchasing an additional 3,412,589 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock valued at $278,554,000 after buying an additional 2,261,877 shares during the period. Finally, Prudential Financial Inc. lifted its position in Host Hotels & Resorts by 75.0% in the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock worth $58,590,000 after buying an additional 1,432,772 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $14.27 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a one year low of $14.15 and a one year high of $20.85. The company’s fifty day moving average price is $16.07 and its 200 day moving average price is $17.23. The company has a market capitalization of $9.98 billion, a PE ratio of 14.41 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 5.61%. Host Hotels & Resorts’s payout ratio is 80.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HST. 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. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, UBS Group reduced their target price on shares of 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.54.

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.