CIBC Asset Management Inc Acquires 4,064 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

CIBC Asset Management Inc raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,645 shares of the company’s stock after purchasing an additional 4,064 shares during the quarter. CIBC Asset Management Inc’s holdings in Host Hotels & Resorts were worth $1,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares in the last quarter. Eastern Bank bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $45,000. Farther Finance Advisors LLC boosted 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 valued at $50,000 after purchasing an additional 867 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $57,000. Finally, Signaturefd LLC increased its position in Host Hotels & Resorts by 50.5% during the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after purchasing an additional 1,198 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 2.5 %

HST opened at $16.34 on Friday. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a fifty day moving average of $17.18 and a 200-day moving average of $17.47. The stock has a market cap of $11.42 billion, a PE ratio of 16.51 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

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 analysts’ consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.31% and a net margin of 12.26%. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.91 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. 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 report on Tuesday. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. UBS Group cut their price target 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. Finally, Wells Fargo & Company lowered their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.54.

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.