Wolverine Asset Management LLC Increases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wolverine Asset Management LLC boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 60.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 127,077 shares of the company’s stock after buying an additional 48,063 shares during the period. Wolverine Asset Management LLC’s holdings in Host Hotels & Resorts were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. ING Groep NV purchased a new stake in Host Hotels & Resorts in the 4th quarter worth about $12,076,000. Ieq Capital LLC grew its stake in shares of Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock valued at $233,000 after buying an additional 899 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth approximately $375,000. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in shares of Host Hotels & Resorts by 28.8% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 26,782 shares of the company’s stock worth $521,000 after acquiring an additional 5,985 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Host Hotels & Resorts during the 4th quarter valued at $40,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HST has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group lowered their price objective 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. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Stock Down 2.5 %

Shares of NASDAQ HST opened at $16.34 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The stock’s fifty day simple moving average is $17.18 and its two-hundred day simple moving average is $17.47. The stock has a market capitalization of $11.42 billion, a PE ratio of 16.51 and a beta of 1.30. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The company 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 10.31% and a net margin of 12.26%. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.91 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

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.