BTC Capital Management Inc. Boosts Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BTC Capital Management Inc. raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 102,395 shares of the company’s stock after buying an additional 8,145 shares during the quarter. BTC Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $1,794,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of HST. Mediolanum International Funds Ltd lifted its holdings in shares of Host Hotels & Resorts by 13.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 268,695 shares of the company’s stock valued at $4,766,000 after buying an additional 31,359 shares during the period. New England Research & Management Inc. purchased a new position in Host Hotels & Resorts in the fourth quarter worth $349,000. Swedbank AB lifted its holdings in Host Hotels & Resorts by 0.8% in the fourth quarter. Swedbank AB now owns 770,241 shares of the company’s stock valued at $13,495,000 after acquiring an additional 6,320 shares during the period. Forsta AP Fonden boosted its position in shares of Host Hotels & Resorts by 2.1% during the 4th quarter. Forsta AP Fonden now owns 478,100 shares of the company’s stock worth $8,376,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Vert Asset Management LLC grew its stake 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 worth $5,421,000 after purchasing an additional 26,678 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $16.64 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 16.16 and a beta of 1.31. The company’s 50-day moving average is $17.82 and its two-hundred day moving average is $17.58. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.96.

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.