Forsta AP Fonden Acquires 9,900 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Forsta AP Fonden increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 478,100 shares of the company’s stock after purchasing an additional 9,900 shares during the quarter. Forsta AP Fonden owned 0.07% of Host Hotels & Resorts worth $8,376,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HST. AQR Capital Management LLC boosted its position in shares of Host Hotels & Resorts by 34.8% during the second quarter. AQR Capital Management LLC now owns 342,236 shares of the company’s stock worth $6,090,000 after buying an additional 88,437 shares during the period. Creative Planning boosted its position in Host Hotels & Resorts by 16.6% during the 2nd quarter. Creative Planning now owns 45,592 shares of the company’s stock worth $820,000 after acquiring an additional 6,505 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $340,000. Truist Financial Corp grew its stake in shares of Host Hotels & Resorts by 7.9% during the 2nd quarter. Truist Financial Corp now owns 98,922 shares of the company’s stock worth $1,779,000 after acquiring an additional 7,273 shares in the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in shares of Host Hotels & Resorts by 10.4% in the second quarter. Dana Investment Advisors Inc. now owns 147,203 shares of the company’s stock valued at $2,647,000 after purchasing an additional 13,856 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 0.3 %

Shares of HST opened at $16.64 on Friday. The firm has a market cap of $11.63 billion, a P/E ratio of 16.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The firm’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $17.58.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results 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 during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.41 EPS. On average, analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HST. Wells Fargo & Company raised their target price 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. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday. Stifel Nicolaus decreased 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. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.