Cibc World Markets Corp Buys 32,679 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cibc World Markets Corp raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 313,810 shares of the company’s stock after acquiring an additional 32,679 shares during the quarter. Cibc World Markets Corp’s holdings in Host Hotels & Resorts were worth $5,498,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HST. National Pension Service bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp raised its holdings in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after buying an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Eastern Bank bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $45,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $15.12 on Thursday. The firm has a market capitalization of $10.57 billion, a P/E ratio of 15.27 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1 year low of $14.47 and a 1 year high of $21.27. The business has a 50-day moving average of $16.41 and a 200-day moving average of $17.34. 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 (NASDAQ:HST) last issued 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, equities analysts anticipate 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. Investors of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.29%. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HST shares. Wells Fargo & Company cut their price target 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. Raymond James cut 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. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday. Finally, UBS Group dropped their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.12.

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.