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

Geode Capital Management LLC lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,253,516 shares of the company’s stock after acquiring an additional 350,634 shares during the period. Geode Capital Management LLC’s holdings in Host Hotels & Resorts were worth $336,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. National Pension Service acquired a new position in Host Hotels & Resorts during the fourth quarter worth about $26,000. Jones Financial Companies Lllp increased its position in Host Hotels & Resorts by 202.6% during the 4th 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 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 worth $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $45,000. 98.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HST shares. Citigroup lowered their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Raymond James dropped their target price 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. UBS Group reduced their price target 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. Truist Financial dropped their price objective 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. Finally, Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Stock Performance

HST stock opened at $13.14 on Friday. The firm has a market cap of $9.19 billion, a PE ratio of 13.27 and a beta of 1.26. 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 50-day moving average price of $15.75 and a 200-day moving average price of $17.12. Host Hotels & Resorts, Inc. has a 1-year low of $12.27 and a 1-year high of $20.73.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion during 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%. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

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

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.