Commerzbank Aktiengesellschaft FI Purchases 19,696 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commerzbank Aktiengesellschaft FI increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 39.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 69,304 shares of the company’s stock after buying an additional 19,696 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Host Hotels & Resorts were worth $1,233,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after buying an additional 5,811,722 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Host Hotels & Resorts by 66.9% during the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares in the last quarter. KBC Group NV grew its stake in Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after purchasing an additional 3,412,589 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in Host Hotels & Resorts by 92.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after purchasing an additional 1,331,407 shares in the last quarter. Finally, State Street Corp grew its stake in Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after purchasing an additional 950,431 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of analyst reports. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Raymond James decreased their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. UBS Group decreased their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $15.85 on Wednesday. The stock has a market cap of $11.08 billion, a P/E ratio of 16.01 and a beta of 1.30. The stock has a 50 day simple moving average of $16.88 and a 200 day simple moving average of $17.48. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 1-year low of $15.65 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.05%. Host Hotels & Resorts’s payout ratio is currently 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.