Marshall Wace LLP Purchases New Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Marshall Wace LLP purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 97,984 shares of the company’s stock, valued at approximately $1,717,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Pension Service purchased a new stake in shares of 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% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Eastern Bank purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $13.98 on Tuesday. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.87. The business’s fifty day simple moving average is $14.66 and its 200-day simple moving average is $16.57. The firm has a market cap of $9.69 billion, a PE ratio of 14.12 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.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm 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 10.37% and a net margin of 12.26%. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.72%. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

Analyst Ratings Changes

Several analysts recently commented on HST shares. Wells Fargo & Company dropped their price target on 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. Citigroup dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Raymond James dropped their price target on 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 Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Evercore ISI lowered their price objective on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $18.90.

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.