Fjarde AP Fonden Fourth Swedish National Pension Fund Has $1.11 Million Stock Position in Host Hotels & Resorts, Inc. $HST

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 78,058 shares of the company’s stock after selling 9,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Host Hotels & Resorts were worth $1,109,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in HST. NBC Securities Inc. lifted its holdings in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after buying an additional 1,852 shares during the period. Versant Capital Management Inc increased its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. National Pension Service increased its position in shares of Host Hotels & Resorts by 74.8% during the first quarter. National Pension Service now owns 2,596 shares of the company’s stock worth $37,000 after acquiring an additional 1,111 shares in the last quarter. IFP Advisors Inc increased its position in shares of Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock worth $52,000 after acquiring an additional 807 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in shares of Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock worth $62,000 after acquiring an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $15.72 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 16.72 and a beta of 1.34. The company’s 50 day moving average is $15.92 and its 200 day moving average is $15.38.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.1%. Host Hotels & Resorts’s payout ratio is currently 85.11%.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price objective for the company. Evercore ISI upped their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Stifel Nicolaus increased their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.50.

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.