Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 19.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,014 shares of the company’s stock after purchasing an additional 12,793 shares during the period. Wolverine Asset Management LLC’s holdings in Host Hotels & Resorts were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its stake in Host Hotels & Resorts by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after acquiring an additional 584 shares in the last quarter. Covestor Ltd increased its stake in Host Hotels & Resorts by 16.1% during the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after buying an additional 618 shares during the period. D Orazio & Associates Inc. raised its position in shares of Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after buying an additional 648 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Host Hotels & Resorts by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after acquiring an additional 784 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of Host Hotels & Resorts by 3.0% in the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after acquiring an additional 790 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HST shares. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Evercore ISI cut their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $21.29.

Host Hotels & Resorts Stock Performance

HST opened at $17.99 on Wednesday. The stock has a market cap of $12.64 billion, a PE ratio of 17.47, a P/E/G ratio of 1.64 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The stock’s 50 day simple moving average is $17.66 and its 200-day simple moving average is $17.73. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 EPS. Sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.93 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.