Host Hotels & Resorts, Inc. (NASDAQ:HST) Holdings Lifted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 37.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 229,892 shares of the company’s stock after purchasing an additional 62,271 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Host Hotels & Resorts were worth $4,028,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Oppenheimer Asset Management Inc. grew its stake in Host Hotels & Resorts by 58.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company’s stock valued at $616,000 after purchasing an additional 12,859 shares in the last quarter. CIBC Asset Management Inc grew its stake in Host Hotels & Resorts by 8.1% in the third quarter. CIBC Asset Management Inc now owns 102,581 shares of the company’s stock valued at $1,805,000 after purchasing an additional 7,672 shares in the last quarter. Swiss National Bank grew its stake in Host Hotels & Resorts by 0.4% in the third quarter. Swiss National Bank now owns 2,091,679 shares of the company’s stock valued at $36,814,000 after purchasing an additional 8,700 shares in the last quarter. Caprock Group LLC grew its stake in Host Hotels & Resorts by 412.3% in the third quarter. Caprock Group LLC now owns 93,268 shares of the company’s stock valued at $1,660,000 after purchasing an additional 75,062 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in Host Hotels & Resorts by 193.3% in the third quarter. Banque Cantonale Vaudoise now owns 47,437 shares of the company’s stock valued at $835,000 after purchasing an additional 31,261 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $15.12 on Thursday. Host Hotels & Resorts, Inc. has a twelve month low of $14.47 and a twelve month high of $21.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a market capitalization of $10.57 billion, a PE ratio of 15.27 and a beta of 1.30. The stock has a 50-day simple moving average of $16.41 and a 200 day simple moving average of $17.34.

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 the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.29%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Wall Street Analyst Weigh In

A number of brokerages have commented on HST. UBS Group lowered their target price 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. Citigroup lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday. Raymond James reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Wells Fargo & Company reduced their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.12.

Host Hotels & Resorts Company 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.