Fox Run Management L.L.C. Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fox Run Management L.L.C. purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,952 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. National Pension Service acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp grew its position in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts during the fourth quarter worth $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 1.5 %

Shares of HST stock opened at $14.80 on Wednesday. The stock has a 50-day simple moving average of $16.23 and a 200 day simple moving average of $17.28. The stock has a market capitalization of $10.35 billion, a P/E ratio of 14.95 and a beta of 1.30. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $20.85. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.37 billion. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business 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 of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.41%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HST. Wells Fargo & Company lowered their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Citigroup reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Truist Financial dropped their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, UBS Group dropped their price objective 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 investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $19.54.

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.