Ethic Inc. Grows Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ethic Inc. raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 199,226 shares of the company’s stock after buying an additional 26,274 shares during the period. Ethic Inc.’s holdings in Host Hotels & Resorts were worth $3,490,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. National Pension Service bought a new position in Host Hotels & Resorts during the fourth quarter valued at about $26,000. Jones Financial Companies Lllp grew its position in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 valued at $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $45,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $14.82 on Friday. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 14.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a fifty day moving average of $14.36 and a 200 day moving average of $16.37. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Host Hotels & Resorts’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.40%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

Analyst Ratings Changes

A number of research firms have issued reports on HST. Morgan Stanley decreased their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. 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, April 28th. UBS Group cut their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Truist Financial lowered their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $18.90.

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.