Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Ellevest Inc.

Ellevest Inc. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,039 shares of the company’s stock after acquiring an additional 1,717 shares during the period. Ellevest Inc.’s holdings in Host Hotels & Resorts were worth $351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HST. Norges Bank purchased a new position in Host Hotels & Resorts during the fourth quarter worth approximately $807,878,000. Deutsche Bank AG raised its stake in shares of Host Hotels & Resorts by 184.7% during the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company’s stock worth $170,855,000 after buying an additional 6,326,709 shares during the period. Invesco Ltd. lifted its position in shares of Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after buying an additional 4,460,468 shares in the last quarter. Northern Trust Corp lifted its position in shares of Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company’s stock valued at $240,947,000 after buying an additional 4,158,219 shares in the last quarter. Finally, Cohen & Steers Inc. grew its stake in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after acquiring an additional 3,932,928 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $14.82 on Friday. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $14.36 and a 200 day moving average price of $16.37. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The stock has a market cap of $10.28 billion, a P/E ratio of 14.97 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion for 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 quarter in the previous year, the company earned $0.60 EPS. Sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

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

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.