Macquarie Group Ltd. increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 15.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,774,684 shares of the company’s stock after buying an additional 239,021 shares during the period. Macquarie Group Ltd. owned about 0.25% of Host Hotels & Resorts worth $29,298,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of HST. US Bancorp DE boosted its holdings in Host Hotels & Resorts by 2.5% in the 1st quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after buying an additional 1,066 shares during the period. HighTower Advisors LLC bought a new position in shares of Host Hotels & Resorts during the 1st quarter valued at about $215,000. Cetera Advisor Networks LLC boosted its holdings in shares of Host Hotels & Resorts by 7.6% during the 1st quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock valued at $285,000 after purchasing an additional 1,034 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Host Hotels & Resorts during the 1st quarter valued at about $624,000. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 82.0% during the 1st quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock valued at $1,656,000 after purchasing an additional 38,385 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
Wall Street Analysts Forecast Growth
HST has been the subject of several research reports. Oppenheimer raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Thursday, July 20th. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $18.00 to $21.00 in a report on Wednesday, July 12th. StockNews.com initiated coverage on shares of Host Hotels & Resorts in a research report on Wednesday, August 23rd. They set a “sell” rating on the stock. Truist Financial upped their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 in a research report on Thursday, June 1st. Finally, Morgan Stanley decreased their target price on shares of Host Hotels & Resorts from $15.50 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.39.
Host Hotels & Resorts Stock Performance
Shares of HST stock opened at $16.60 on Friday. The firm has a market cap of $11.81 billion, a price-to-earnings ratio of 15.81 and a beta of 1.30. The company’s 50 day moving average is $16.61 and its 200 day moving average is $16.77. The company has a quick ratio of 6.57, a current ratio of 6.57 and a debt-to-equity ratio of 0.60. Host Hotels & Resorts, Inc. has a 52-week low of $14.51 and a 52-week high of $19.42.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.27). Host Hotels & Resorts had a return on equity of 11.08% and a net margin of 14.50%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.85 EPS for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, September 28th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.15. This represents a $0.72 dividend on an annualized basis and a yield of 4.34%. Host Hotels & Resorts’s payout ratio is currently 57.14%.
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 41,900 rooms.
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