Gotham Asset Management LLC Increases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Gotham Asset Management LLC boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 53.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 921,833 shares of the company’s stock after acquiring an additional 322,057 shares during the quarter. Gotham Asset Management LLC owned 0.13% of Host Hotels & Resorts worth $16,151,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HST. Freedom Investment Management Inc. raised its stake in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock valued at $389,000 after purchasing an additional 622 shares during the period. Savant Capital LLC lifted its holdings in Host Hotels & Resorts by 2.7% in the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after buying an additional 634 shares in the last quarter. Evergreen Wealth Solutions LLC grew its stake in shares of Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock valued at $227,000 after acquiring an additional 651 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position 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 acquiring an additional 746 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Host Hotels & Resorts by 7.3% in the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock worth $233,000 after acquiring an additional 899 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HST shares. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Citigroup dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Evercore ISI reduced their price target on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, Jefferies Financial Group lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $18.90.

Host Hotels & Resorts Price Performance

Shares of HST opened at $14.82 on Friday. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 14.97 and a beta of 1.29. The stock’s fifty day moving average is $14.36 and its 200-day moving average is $16.37. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. 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 issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.40%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

Host Hotels & Resorts 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.