Swedbank AB Buys 8,341 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Swedbank AB grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 763,921 shares of the company’s stock after acquiring an additional 8,341 shares during the period. Swedbank AB’s holdings in Host Hotels & Resorts were worth $13,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its holdings in Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $30,000. Farther Finance Advisors LLC increased its stake in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Host Hotels & Resorts during the second quarter valued at approximately $51,000. Finally, Family Firm Inc. bought a new stake in Host Hotels & Resorts in the second quarter worth $56,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $18.31 on Wednesday. The company’s 50 day moving average is $17.82 and its 200 day moving average is $17.66. 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 cap of $12.80 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.65 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Analysts Set New Price Targets

Several brokerages have issued reports on HST. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Oppenheimer decreased their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday. Truist Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Robert W. Baird lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.