NEOS Investment Management LLC Raises Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

NEOS Investment Management LLC grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 31.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,724 shares of the company’s stock after buying an additional 9,954 shares during the period. NEOS Investment Management LLC’s holdings in Host Hotels & Resorts were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Freedom Investment Management Inc. raised 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 valued at $380,000 after acquiring an additional 625 shares during the period. Savant Capital LLC lifted its holdings in Host Hotels & Resorts by 2.7% in the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after purchasing an additional 634 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after purchasing an additional 746 shares during the period. Ieq Capital LLC grew its holdings in Host Hotels & Resorts by 7.3% during the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock valued at $233,000 after buying an additional 899 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its position in shares of Host Hotels & Resorts by 1.3% during the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock valued at $1,364,000 after buying an additional 977 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Down 1.8 %

Shares of HST opened at $14.27 on Monday. The company’s fifty day simple moving average is $16.07 and its 200-day simple moving average is $17.23. The company has a market cap of $9.98 billion, a P/E ratio of 14.41 and a beta of 1.30. 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, Inc. has a twelve month low of $14.15 and a twelve month high of $20.85.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data 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. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HST shares. UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Raymond James reduced their price objective 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, Truist Financial lowered their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $19.54.

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.