Victory Capital Management Inc. Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Victory Capital Management Inc. increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 14.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,259,994 shares of the company’s stock after purchasing an additional 291,474 shares during the quarter. Victory Capital Management Inc. owned 0.32% of Host Hotels & Resorts worth $39,776,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HST. Janney Montgomery Scott LLC increased its holdings in shares of Host Hotels & Resorts by 34.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock valued at $414,000 after purchasing an additional 5,124 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after acquiring an additional 39,340 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in Host Hotels & Resorts by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock worth $18,247,000 after acquiring an additional 34,179 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after acquiring an additional 55,654 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in Host Hotels & Resorts by 79.5% during the first quarter. Intech Investment Management LLC now owns 431,733 shares of the company’s stock worth $8,928,000 after acquiring an additional 191,249 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

HST has been the subject of a number of research reports. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, UBS Group cut their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.26 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The firm has a 50 day moving average price of $17.72 and a 200 day moving average price of $17.71. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results 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). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

About Host Hotels & Resorts

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.