Family Office Research LLC Buys New Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Family Office Research LLC purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,098 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC bought a new position in Host Hotels & Resorts during the 4th quarter valued at $375,000. Avanza Fonder AB bought a new position in Host Hotels & Resorts during the fourth quarter valued at about $1,457,000. Vert Asset Management LLC grew its holdings in Host Hotels & Resorts by 9.4% during the fourth quarter. Vert Asset Management LLC now owns 309,446 shares of the company’s stock worth $5,421,000 after acquiring an additional 26,678 shares during the period. IFP Advisors Inc raised its position in Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company’s stock worth $50,000 after acquiring an additional 2,493 shares in the last quarter. Finally, KBC Group NV lifted its holdings in 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 acquiring an additional 3,412,589 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Down 5.4 %

Shares of Host Hotels & Resorts stock opened at $13.45 on Friday. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 13.59 and a beta of 1.26. The stock has a 50-day simple moving average of $15.34 and a 200-day simple moving average of $16.91. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $20.48. 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 earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.95%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Wall Street Analyst Weigh In

HST has been the subject of several recent research reports. Truist Financial cut their target price on shares of 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 downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.00 to $14.00 in a report on Wednesday. Citigroup reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Finally, Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $19.17.

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.