Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 29,464 shares of the company’s stock after acquiring an additional 4,967 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Host Hotels & Resorts were worth $516,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. National Pension Service bought a new position in Host Hotels & Resorts in the 4th quarter worth about $26,000. Jones Financial Companies Lllp boosted its position 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 worth $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB grew 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 worth $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Finally, IFP Advisors Inc increased its position in Host Hotels & Resorts by 716.4% in the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company’s stock valued at $50,000 after acquiring an additional 2,493 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $15.56 on Monday. The stock’s fifty day simple moving average is $14.33 and its 200 day simple moving average is $16.29. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 15.72 and a beta of 1.29. 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 52-week low of $12.22 and a 52-week high of $19.37.

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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the business posted $0.60 EPS. Host Hotels & Resorts’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

Analyst Ratings Changes

HST has been the subject of several recent analyst reports. Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Evercore ISI dropped 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. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, UBS Group lowered their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.