Caisse Des Depots ET Consignations Takes $2.96 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Caisse Des Depots ET Consignations bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, HoldingsChannel.com reports. The firm bought 168,793 shares of the company’s stock, valued at approximately $2,957,000.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service acquired a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Host Hotels & Resorts by 94.9% during the fourth 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 period. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HST shares. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $15.00 in a report on Friday, March 21st. Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Finally, Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.54.

Host Hotels & Resorts Stock Performance

HST stock opened at $14.81 on Thursday. 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, Inc. has a twelve month low of $14.25 and a twelve month high of $20.85. The business’s fifty day moving average is $16.18 and its 200-day moving average is $17.26. The company has a market cap of $10.35 billion, a P/E ratio of 14.96 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results 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. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities research analysts forecast 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. 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 5.40%. Host Hotels & Resorts’s dividend payout ratio is 80.81%.

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.