Wolverine Asset Management LLC Grows Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wolverine Asset Management LLC grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 60.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 127,077 shares of the company’s stock after buying an additional 48,063 shares during the period. Wolverine Asset Management LLC’s holdings in Host Hotels & Resorts were worth $2,226,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. MassMutual Private Wealth & Trust FSB lifted its position in Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $40,000. Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $45,000. Farther Finance Advisors LLC lifted its holdings in shares of Host Hotels & Resorts by 44.5% during 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 period. Finally, Catalyst Capital Advisors LLC purchased a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 2.5 %

HST stock opened at $16.34 on Friday. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11.42 billion, a P/E ratio of 16.51 and a beta of 1.30. The company’s 50-day simple moving average is $17.18 and its 200-day simple moving average is $17.47.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.31% and a net margin of 12.26%. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.91 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 yield of 4.90%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Raymond James cut their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note 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 price target of $20.54.

Host Hotels & Resorts Company 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.