Assetmark Inc. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Assetmark Inc. grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 204,592 shares of the company’s stock after purchasing an additional 15,644 shares during the quarter. Assetmark Inc.’s holdings in Host Hotels & Resorts were worth $3,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HST. Farther Finance Advisors LLC grew its holdings in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Host Hotels & Resorts by 11.6% during the third quarter. Van ECK Associates Corp now owns 135,457 shares of the company’s stock worth $2,354,000 after buying an additional 14,088 shares during the period. Summit Global Investments lifted its stake in shares of Host Hotels & Resorts by 12.0% during the third quarter. Summit Global Investments now owns 11,211 shares of the company’s stock worth $197,000 after buying an additional 1,199 shares during the period. Verdence Capital Advisors LLC lifted its stake in shares of Host Hotels & Resorts by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after buying an additional 784 shares during the period. Finally, Wolverine Asset Management LLC lifted its stake in shares of Host Hotels & Resorts by 19.3% during the third quarter. Wolverine Asset Management LLC now owns 79,014 shares of the company’s stock worth $1,391,000 after buying an additional 12,793 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on HST shares. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Raymond James lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company lowered their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus lowered 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. Finally, UBS Group decreased their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Trading Up 3.4 %

Shares of Host Hotels & Resorts stock opened at $16.33 on Monday. The firm has a 50-day simple moving average of $16.76 and a two-hundred day simple moving average of $17.47. The company has a market cap of $11.42 billion, a P/E ratio of 16.49 and a beta of 1.30. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $21.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.90%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

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.