Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 956,122 shares of the company’s stock after purchasing an additional 152,979 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.14% of Host Hotels & Resorts worth $16,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HST. Freedom Investment Management Inc. increased its position in Host Hotels & Resorts by 2.9% during the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock worth $389,000 after buying an additional 622 shares during the period. Savant Capital LLC grew its position in Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after purchasing an additional 634 shares during the last quarter. Evergreen Wealth Solutions LLC increased its stake in Host Hotels & Resorts by 5.3% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock valued at $227,000 after purchasing an additional 651 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after buying an additional 746 shares during the period. Finally, Ieq Capital LLC boosted its stake in shares of Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock worth $233,000 after buying an additional 899 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $14.82 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. The company’s 50 day simple moving average is $14.36 and its 200 day simple moving average is $16.38. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 14.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 earnings per share. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.40%. Host Hotels & Resorts’s payout ratio is currently 83.33%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in 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. Truist Financial lowered their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Morgan Stanley reduced their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Evercore ISI reduced their target price on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Finally, Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.90.

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.