5,673,604 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Purchased by Rush Island Management LP

Rush Island Management LP acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,673,604 shares of the company’s stock, valued at approximately $99,402,000. Host Hotels & Resorts makes up about 6.6% of Rush Island Management LP’s portfolio, making the stock its 8th largest position.

Other hedge funds have also bought and sold shares of the company. Czech National Bank lifted its stake in shares of Host Hotels & Resorts by 5.9% in the fourth quarter. Czech National Bank now owns 151,564 shares of the company’s stock worth $2,655,000 after buying an additional 8,470 shares in the last quarter. Eastern Bank bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $45,000. Ritholtz Wealth Management lifted its stake in shares of Host Hotels & Resorts by 10.9% in the fourth quarter. Ritholtz Wealth Management now owns 106,073 shares of the company’s stock worth $1,858,000 after buying an additional 10,463 shares in the last quarter. Avanza Fonder AB bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $1,457,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of Host Hotels & Resorts by 94.9% in the fourth 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. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HST. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Morgan Stanley lowered their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI lowered 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 research report on Monday, April 28th. Compass Point downgraded 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. Finally, Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.90.

Host Hotels & Resorts Stock Performance

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

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Host Hotels & Resorts’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.19%. Host Hotels & Resorts’s payout ratio is currently 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.