APG Asset Management US Inc. Boosts Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

APG Asset Management US Inc. boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 85.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,078,389 shares of the company’s stock after acquiring an additional 957,053 shares during the quarter. APG Asset Management US Inc. owned about 0.30% of Host Hotels & Resorts worth $36,413,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $17,586,000. APG Asset Management N.V. purchased a new position in Host Hotels & Resorts during the 4th quarter worth $6,462,000. FIL Ltd raised its holdings in shares of Host Hotels & Resorts by 47.6% in the fourth quarter. FIL Ltd now owns 225,456 shares of the company’s stock valued at $3,950,000 after acquiring an additional 72,749 shares in the last quarter. Invesco Ltd. grew its holdings in Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock worth $395,171,000 after acquiring an additional 4,460,468 shares in the last quarter. Finally, Employees Retirement System of Texas increased its position in Host Hotels & Resorts by 29.3% during the 4th quarter. Employees Retirement System of Texas now owns 618,000 shares of the company’s stock valued at $10,827,000 after purchasing an additional 140,000 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Down 1.7 %

Shares of HST opened at $12.70 on Wednesday. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $20.73. The firm has a market cap of $8.88 billion, a P/E ratio of 12.83 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’s 50 day moving average is $15.50 and its two-hundred day moving average is $16.99.

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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 6.30%. Host Hotels & Resorts’s payout ratio is 80.81%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Truist Financial reduced 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 research note on Friday, March 21st. Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $15.00 in a report on Friday, March 21st. Finally, Raymond James lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.54.

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.