Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 26.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,073 shares of the company’s stock after selling 13,161 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Host Hotels & Resorts were worth $513,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Cohen & Steers Inc. grew its position in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after buying an additional 3,932,928 shares in the last quarter. Norges Bank bought a new position in Host Hotels & Resorts in the 4th quarter valued at about $807,878,000. JPMorgan Chase & Co. grew its position in Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock valued at $649,076,000 after buying an additional 643,450 shares in the last quarter. Invesco Ltd. grew its position in Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after buying an additional 4,460,468 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Host Hotels & Resorts by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company’s stock valued at $336,539,000 after buying an additional 350,634 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on HST shares. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday. They issued a “neutral” rating and a $16.00 target price for the company. Evercore ISI reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday, March 21st. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Citigroup cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $18.12.
Host Hotels & Resorts Stock Up 1.4%
Shares of NASDAQ HST opened at $15.71 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The firm’s 50-day simple moving average is $15.09 and its 200 day simple moving average is $15.81. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The company has a market cap of $10.90 billion, a price-to-earnings ratio of 16.36 and a beta of 1.32.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts’s payout ratio is 83.33%.
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.
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