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

BNP Paribas Financial Markets raised its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 19.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 956,122 shares of the company’s stock after buying an additional 152,979 shares during the quarter. BNP Paribas Financial Markets’ holdings in Host Hotels & Resorts were worth $16,751,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. National Pension Service acquired a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp increased its position in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of 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 acquiring an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter worth $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on HST shares. Citigroup reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Morgan Stanley decreased their target price on shares of 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. Raymond James dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group cut shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $18.90.

Host Hotels & Resorts Stock Performance

HST stock opened at $14.82 on Friday. The stock’s 50 day simple moving average is $14.36 and its 200 day simple moving average is $16.38. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The firm has a market cap of $10.28 billion, a P/E ratio of 14.97 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 (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced 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. This represents a $0.80 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.