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

BTC Capital Management Inc. raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,395 shares of the company’s stock after buying an additional 8,145 shares during the period. BTC Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $1,794,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position 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. Eastern Bank acquired a new position in Host Hotels & Resorts in the 4th quarter worth $45,000. Farther Finance Advisors LLC boosted its position in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the last quarter. Signaturefd LLC grew its stake in shares of Host Hotels & Resorts by 50.5% during the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after acquiring an additional 1,198 shares in the last quarter. Finally, Mendota Financial Group LLC increased its position in shares of Host Hotels & Resorts by 27.1% during the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after acquiring an additional 842 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $16.64 on Friday. The company has a market cap of $11.63 billion, a P/E ratio of 16.16 and a beta of 1.31. The business has a 50 day moving average of $17.82 and a two-hundred day moving average of $17.58. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.81%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. UBS Group cut their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.96.

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.