654,953 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Bought by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 654,953 shares of the company’s stock, valued at approximately $11,527,000. Host Hotels & Resorts makes up 1.6% of Waterfront Capital Partners LLC’s portfolio, making the stock its 22nd largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its position in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after purchasing an additional 181,103 shares during the last quarter. LSV Asset Management lifted its stake in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after purchasing an additional 965,100 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HST. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $18.43 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company’s 50-day moving average is $17.83 and its 200 day moving average is $17.67. The stock has a market capitalization of $12.88 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Host Hotels & Resorts’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.