Rush Island Management LP Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,673,604 shares of the company’s stock, valued at approximately $99,402,000. Host Hotels & Resorts accounts for about 6.6% of Rush Island Management LP’s portfolio, making the stock its 8th largest holding. Rush Island Management LP owned about 0.81% of Host Hotels & Resorts at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. National Pension Service bought a new position in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its holdings in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the 4th quarter valued at $45,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Trading Down 0.6%

Shares of HST opened at $15.40 on Friday. The firm’s 50-day moving average price is $14.33 and its 200-day moving average price is $16.33. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 15.56 and a beta of 1.29. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates 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 company’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 firm posted $0.60 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.19%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts’s payout ratio is currently 83.33%.

Analysts Set New Price Targets

Several analysts have recently weighed in on HST shares. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Evercore ISI cut 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 report on Monday, April 28th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Citigroup cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. 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 company. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Hold” and a consensus target price 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.