39,315 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,315 shares of the company’s stock, valued at approximately $689,000.

A number of other hedge funds have also bought and sold shares of the business. Freedom Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 3.0% during the third quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after acquiring an additional 625 shares during the period. Savant Capital LLC raised its stake in shares of Host Hotels & Resorts by 2.7% in the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after buying an additional 634 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of Host Hotels & Resorts by 1.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock valued at $1,297,000 after buying an additional 746 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of Host Hotels & Resorts by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock valued at $296,000 after buying an additional 784 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HST has been the topic of several research reports. UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their target price on 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. Raymond James lowered their target price 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. Finally, Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.13 on Friday. The firm has a market capitalization of $11.28 billion, a P/E ratio of 16.29 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock’s 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $17.47. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates 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, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid 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 yield of 4.96%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Host Hotels & Resorts 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.