Wolverine Asset Management LLC lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 60.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 134,514 shares of the company’s stock after selling 204,738 shares during the quarter. Wolverine Asset Management LLC’s holdings in Host Hotels & Resorts were worth $2,385,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec raised its position in shares of Host Hotels & Resorts by 475.8% in the third quarter. Caisse de depot et placement du Quebec now owns 7,061,055 shares of the company’s stock valued at $120,179,000 after purchasing an additional 5,834,750 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Host Hotels & Resorts by 96.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company’s stock valued at $176,845,000 after purchasing an additional 5,096,099 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Host Hotels & Resorts by 508.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,631,541 shares of the company’s stock valued at $95,849,000 after purchasing an additional 4,705,282 shares during the period. SG Americas Securities LLC raised its position in shares of Host Hotels & Resorts by 1,217.7% in the fourth quarter. SG Americas Securities LLC now owns 3,909,382 shares of the company’s stock valued at $69,313,000 after purchasing an additional 3,612,709 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Host Hotels & Resorts by 68.6% in the third quarter. Russell Investments Group Ltd. now owns 7,370,907 shares of the company’s stock valued at $125,454,000 after purchasing an additional 2,999,082 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
NASDAQ:HST opened at $20.86 on Tuesday. Host Hotels & Resorts, Inc. has a 52 week low of $14.37 and a 52 week high of $21.55. The firm has a market cap of $14.33 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 2.57 and a beta of 1.10. The firm’s 50-day simple moving average is $19.79 and its 200 day simple moving average is $18.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.59 and a current ratio of 2.59.
Host Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 72.73%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on HST shares. JPMorgan Chase & Co. increased their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Weiss Ratings raised shares of Host Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, March 26th. Argus raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, LADENBURG THALM/SH SH began coverage on shares of Host Hotels & Resorts in a research report on Thursday, March 26th. They set a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.38.
Check Out Our Latest Stock Analysis on Host Hotels & Resorts
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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