Assetmark Inc. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Assetmark Inc. lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,592 shares of the company’s stock after purchasing an additional 15,644 shares during the period. Assetmark Inc.’s holdings in Host Hotels & Resorts were worth $3,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HST. National Pension Service purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth about $26,000. Jones Financial Companies Lllp increased its stake in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at about $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.33 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm has a market capitalization of $11.42 billion, a price-to-earnings ratio of 16.49 and a beta of 1.30. The company’s 50-day moving average is $16.76 and its two-hundred day moving average is $17.47. Host Hotels & Resorts, Inc. has a 1-year low of $15.65 and a 1-year high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued 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 4.90%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HST. Raymond James dropped their price objective on shares of 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 dropped their price objective on shares of 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 dropped their price objective on shares of 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. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.54.

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.