Prudential Financial Inc. Has $58.59 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Prudential Financial Inc. lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 75.0% during the 4th quarter, Holdings Channel reports. The firm owned 3,344,171 shares of the company’s stock after acquiring an additional 1,432,772 shares during the period. Prudential Financial Inc.’s holdings in Host Hotels & Resorts were worth $58,590,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Host Hotels & Resorts during the third quarter worth about $336,000. Advisors Asset Management Inc. raised its position in shares of Host Hotels & Resorts by 11.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock valued at $326,000 after acquiring an additional 1,929 shares during the period. Cerity Partners LLC boosted its stake in Host Hotels & Resorts by 23.0% during the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock worth $545,000 after acquiring an additional 5,778 shares during the last quarter. Swedbank AB grew its holdings in Host Hotels & Resorts by 1.1% during the third quarter. Swedbank AB now owns 763,921 shares of the company’s stock valued at $13,445,000 after purchasing an additional 8,341 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Host Hotels & Resorts by 23.1% in the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after purchasing an additional 113,761 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $16.00 to $15.00 in a research note on Friday. Truist Financial dropped their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $15.02 on Tuesday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 15.17 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12 month low of $14.25 and a 12 month high of $20.98. The firm has a fifty day simple moving average of $16.28 and a 200 day simple moving average of $17.29. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS 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 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 5.33%. Host Hotels & Resorts’s dividend payout ratio is 80.81%.

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.