Geode Capital Management LLC Has $336.54 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Geode Capital Management LLC boosted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,253,516 shares of the company’s stock after purchasing an additional 350,634 shares during the period. Geode Capital Management LLC owned about 2.75% of Host Hotels & Resorts worth $336,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. National Bank of Canada FI raised its stake in shares of Host Hotels & Resorts by 130.6% during the 4th quarter. National Bank of Canada FI now owns 826,901 shares of the company’s stock worth $14,487,000 after purchasing an additional 468,339 shares in the last quarter. Franklin Resources Inc. raised its position in Host Hotels & Resorts by 28.3% during the fourth quarter. Franklin Resources Inc. now owns 598,434 shares of the company’s stock worth $10,485,000 after acquiring an additional 131,910 shares in the last quarter. Schroder Investment Management Group lifted its stake in Host Hotels & Resorts by 3.3% in the fourth quarter. Schroder Investment Management Group now owns 3,328,522 shares of the company’s stock valued at $58,183,000 after acquiring an additional 107,162 shares during the last quarter. Allstate Corp increased its stake in shares of Host Hotels & Resorts by 316.0% during the 4th quarter. Allstate Corp now owns 143,314 shares of the company’s stock worth $2,511,000 after purchasing an additional 108,864 shares during the last quarter. Finally, DnB Asset Management AS raised its holdings in shares of Host Hotels & Resorts by 7.5% in the 4th quarter. DnB Asset Management AS now owns 132,171 shares of the company’s stock valued at $2,316,000 after purchasing an additional 9,203 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HST shares. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Citigroup dropped their price target on 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. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Truist Financial reduced their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Stock Down 1.2 %

Shares of HST opened at $13.14 on Friday. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $9.19 billion, a PE ratio of 13.27 and a beta of 1.26. The firm’s 50 day moving average is $15.75 and its 200-day moving average is $17.12. Host Hotels & Resorts, Inc. has a 12 month low of $12.27 and a 12 month high of $20.73.

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

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 6.09%. Host Hotels & Resorts’s payout ratio is 80.81%.

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.