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

OMERS ADMINISTRATION Corp grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,464 shares of the company’s stock after purchasing 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 SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Private Advisor Group LLC purchased a new position in Host Hotels & Resorts during the fourth quarter valued at approximately $375,000. Avanza Fonder AB purchased a new position in shares of Host Hotels & Resorts during the 4th quarter valued at $1,457,000. Vert Asset Management LLC grew its holdings in shares of Host Hotels & Resorts by 9.4% during the 4th quarter. Vert Asset Management LLC now owns 309,446 shares of the company’s stock valued at $5,421,000 after acquiring an additional 26,678 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company’s stock worth $50,000 after acquiring an additional 2,493 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock worth $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on HST shares. Truist Financial lowered their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Morgan Stanley reduced their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. UBS Group cut 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 report on Tuesday, January 28th. Finally, Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. 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 currently has an average rating of “Hold” and a consensus price target of $18.90.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $15.56 on Monday. 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 firm has a fifty day simple moving average of $14.33 and a 200-day simple moving average of $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. 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 released its 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 net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The business’s revenue was up 8.4% on a year-over-year basis. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.14%. Host Hotels & Resorts’s payout ratio is 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.