abrdn plc Has $25.55 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

abrdn plc boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 18.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,461,109 shares of the company’s stock after buying an additional 226,310 shares during the period. abrdn plc’s holdings in Host Hotels & Resorts were worth $25,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Host Hotels & Resorts by 23.1% during the 3rd 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 raised its holdings in Host Hotels & Resorts by 123.4% during the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock worth $1,156,000 after buying an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $540,000. LMR Partners LLP acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $4,775,000. Finally, Aigen Investment Management LP acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $639,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HST shares. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, 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, January 28th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.96.

Host Hotels & Resorts Trading Down 0.1 %

NASDAQ:HST opened at $16.37 on Thursday. The stock’s 50 day moving average price is $17.68 and its 200 day moving average price is $17.53. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a market capitalization of $11.44 billion, a P/E ratio of 15.89 and a beta of 1.30. 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 (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm’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 earned $0.41 EPS. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.89%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

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.