CANADA LIFE ASSURANCE Co Has $36.04 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,059,479 shares of the company’s stock after selling 28,677 shares during the period. CANADA LIFE ASSURANCE Co owned 0.29% of Host Hotels & Resorts worth $36,044,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HST. National Pension Service bought a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its position in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after buying an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 buying an additional 991 shares during the period. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts during the fourth quarter worth about $40,000. Finally, Eastern Bank acquired a new position in Host Hotels & Resorts in the fourth quarter valued at about $45,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

HST has been the topic of a number of research analyst reports. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Citigroup cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. 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 report on Tuesday, February 18th. Jefferies Financial Group cut shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.17.

Host Hotels & Resorts Stock Up 1.9 %

NASDAQ:HST opened at $13.66 on Friday. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.87. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 13.80 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average price is $14.99 and its two-hundred day moving average price is $16.74.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

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.