Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Invesco Ltd.

Invesco Ltd. increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,555,445 shares of the company’s stock after purchasing an additional 4,460,468 shares during the quarter. Invesco Ltd. owned 3.23% of Host Hotels & Resorts worth $395,171,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HST. Norges Bank purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $807,878,000. KBC Group NV lifted its holdings in shares of Host Hotels & Resorts by 155.2% in the 4th 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 during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of 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 purchasing an additional 2,261,877 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Host Hotels & Resorts by 71.6% in the 4th quarter. Russell Investments Group Ltd. now owns 3,980,807 shares of the company’s stock valued at $69,748,000 after purchasing an additional 1,660,341 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Host Hotels & Resorts by 75.0% in the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock valued at $58,590,000 after purchasing an additional 1,432,772 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

HST stock opened at $14.22 on Thursday. The company has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $16.94. The stock has a market cap of $9.94 billion, a price-to-earnings ratio of 14.36 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $20.59. 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 (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.63%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Analysts Set New Price Targets

HST has been the subject of several analyst reports. Truist Financial reduced their price objective 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. Citigroup dropped their target price on 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. Wells Fargo & Company dropped their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Raymond James dropped their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $19.17.

Host Hotels & Resorts Company Profile

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.