Kestra Investment Management LLC Buys Shares of 2,275 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, Holdings Channel reports. The fund bought 2,275 shares of the company’s stock, valued at approximately $40,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HST. State Street Corp grew its holdings in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after buying an additional 950,431 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Host Hotels & Resorts by 1.0% during the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after buying an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Host Hotels & Resorts by 66.9% during the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after buying an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Host Hotels & Resorts by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 valued at $121,318,000 after buying an additional 5,811,722 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HST. Stifel Nicolaus cut their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Raymond James dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company dropped their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.54.

Host Hotels & Resorts Trading Down 2.5 %

Shares of Host Hotels & Resorts stock opened at $16.34 on Friday. The company’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $17.48. The stock has a market capitalization of $11.42 billion, a PE ratio of 16.51 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. 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 issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. Host Hotels & Resorts’s payout ratio is 80.81%.

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.