Forsta AP Fonden Acquires 9,900 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Forsta AP Fonden raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 478,100 shares of the company’s stock after acquiring an additional 9,900 shares during the quarter. Forsta AP Fonden’s holdings in Host Hotels & Resorts were worth $8,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HST. Freedom Investment Management Inc. grew its position in Host Hotels & Resorts by 3.0% in 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 last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock valued at $296,000 after purchasing an additional 784 shares in the last quarter. Inspire Investing LLC grew its holdings in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock valued at $1,441,000 after purchasing an additional 812 shares during the last quarter. Mendota Financial Group LLC increased its position in Host Hotels & Resorts by 27.1% during the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after purchasing an additional 842 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in 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 during the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.96.

Read Our Latest Analysis on Host Hotels & Resorts

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $16.64 on Friday. The business has a 50-day moving average price of $17.82 and a two-hundred day moving average price of $17.58. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.63 billion, a P/E ratio of 16.16 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.81%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

About Host Hotels & Resorts

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report).

Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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