Everett Harris & Co. CA Purchases 9,205 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Everett Harris & Co. CA increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,438 shares of the company’s stock after acquiring an additional 9,205 shares during the period. Everett Harris & Co. CA’s holdings in Host Hotels & Resorts were worth $831,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC boosted its stake in Host Hotels & Resorts by 34.8% in the second quarter. AQR Capital Management LLC now owns 342,236 shares of the company’s stock valued at $6,090,000 after acquiring an additional 88,437 shares during the last quarter. Creative Planning lifted its stake in Host Hotels & Resorts by 16.6% in the second quarter. Creative Planning now owns 45,592 shares of the company’s stock valued at $820,000 after purchasing an additional 6,505 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Host Hotels & Resorts during the second quarter valued at $340,000. Truist Financial Corp increased its position in Host Hotels & Resorts by 7.9% in the second quarter. Truist Financial Corp now owns 98,922 shares of the company’s stock worth $1,779,000 after buying an additional 7,273 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Host Hotels & Resorts in the second quarter valued at $391,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $20.96.

Host Hotels & Resorts Stock Up 0.4 %

Shares of NASDAQ:HST opened at $16.71 on Friday. The firm has a fifty day moving average of $17.79 and a 200 day moving average of $17.57. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $11.68 billion, a PE ratio of 16.22 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 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 the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.79%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

About Host Hotels & Resorts

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.