Envestnet Asset Management Inc. Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Posted by on Feb 24th, 2023

Envestnet Asset Management Inc. increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,165,960 shares of the company’s stock after acquiring an additional 171,018 shares during the period. Envestnet Asset Management Inc. owned approximately 0.16% of Host Hotels & Resorts worth $18,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC increased its stake in shares of Host Hotels & Resorts by 1.9% in the second quarter. Jacobi Capital Management LLC now owns 29,485 shares of the company’s stock worth $462,000 after acquiring an additional 563 shares during the period. State of Michigan Retirement System lifted its holdings in shares of Host Hotels & Resorts by 0.3% in the 3rd quarter. State of Michigan Retirement System now owns 193,529 shares of the company’s stock valued at $3,073,000 after buying an additional 600 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of Host Hotels & Resorts by 2.8% in the second quarter. Meeder Asset Management Inc. now owns 21,719 shares of the company’s stock worth $341,000 after buying an additional 601 shares during the last quarter. United Capital Financial Advisers LLC grew its holdings in Host Hotels & Resorts by 3.2% during the second quarter. United Capital Financial Advisers LLC now owns 20,085 shares of the company’s stock worth $315,000 after acquiring an additional 615 shares during the period. Finally, Virtu Financial LLC raised its position in Host Hotels & Resorts by 1.8% during the second quarter. Virtu Financial LLC now owns 39,944 shares of the company’s stock valued at $626,000 after acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $22.00 to $21.00 in a research report on Thursday, February 16th. Morgan Stanley cut their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. Finally, TheStreet raised shares of Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Friday, October 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $21.82.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.35 on Friday. The stock has a 50 day moving average of $17.32 and a two-hundred day moving average of $17.50. Host Hotels & Resorts, Inc. has a 12 month low of $15.10 and a 12 month high of $21.63. The firm has a market cap of $12.41 billion, a P/E ratio of 19.72 and a beta of 1.29. The company has a current ratio of 3.16, a quick ratio of 8.73 and a debt-to-equity ratio of 0.63.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last issued its quarterly earnings results on Wednesday, February 15th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.23). Host Hotels & Resorts had a return on equity of 9.43% and a net margin of 12.90%. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue for the quarter was up 26.6% compared to the same quarter last year. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.76 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 54.55%.

About Host Hotels & Resorts

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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