Toronto Dominion Bank Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Toronto Dominion Bank raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,593 shares of the company’s stock after buying an additional 3,827 shares during the period. Toronto Dominion Bank’s holdings in Host Hotels & Resorts were worth $6,223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. The Manufacturers Life Insurance Company increased its stake in shares of Host Hotels & Resorts by 23.1% in the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after buying an additional 113,761 shares during the period. Verition Fund Management LLC grew its holdings in Host Hotels & Resorts by 123.4% in the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock worth $1,156,000 after acquiring an additional 36,278 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of Host Hotels & Resorts by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after acquiring an additional 32,586 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Host Hotels & Resorts during the third quarter valued at about $540,000. Finally, Achmea Investment Management B.V. raised its stake in shares of Host Hotels & Resorts by 15.6% during the second quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock valued at $4,651,000 after acquiring an additional 34,977 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on HST shares. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Stifel Nicolaus dropped their price target on 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. Wells Fargo & Company boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.39.

Host Hotels & Resorts Stock Down 1.3 %

Shares of Host Hotels & Resorts stock opened at $18.58 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 18.04 and a beta of 1.32. The company has a 50-day moving average of $17.97 and a 200 day moving average of $17.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.41 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.31%. Host Hotels & Resorts’s payout ratio is 77.67%.

Host Hotels & Resorts Company 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 42,000 rooms.