Amundi Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Amundi lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 21.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,542,542 shares of the company’s stock after purchasing an additional 625,317 shares during the quarter. Amundi’s holdings in Host Hotels & Resorts were worth $60,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HST. PNC Financial Services Group Inc. increased its holdings in Host Hotels & Resorts by 7.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 72,735 shares of the company’s stock valued at $1,274,000 after buying an additional 4,770 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Host Hotels & Resorts in the fourth quarter valued at about $1,437,000. Callan Family Office LLC bought a new stake in Host Hotels & Resorts in the fourth quarter valued at about $197,000. Inceptionr LLC bought a new stake in Host Hotels & Resorts in the fourth quarter valued at about $1,115,000. Finally, Raymond James Financial Inc. bought a new stake in Host Hotels & Resorts in the fourth quarter valued at about $17,586,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $15.34 on Wednesday. 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 simple moving average of $16.68 and a 200-day simple moving average of $17.44. The company has a market cap of $10.72 billion, a PE ratio of 15.49 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $15.26 and a 12-month high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) 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 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%. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.22%. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James lowered their price objective 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. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company lowered their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus decreased their target price 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. Finally, UBS Group decreased their target price 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. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $20.21.

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.