Mather Group LLC. Purchases New Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mather Group LLC. purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) in the third quarter, Holdings Channel.com reports. The fund purchased 25,506 shares of the company’s stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. raised its position in Host Hotels & Resorts by 1.2% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 227,648 shares of the company’s stock valued at $3,615,000 after buying an additional 2,637 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in Host Hotels & Resorts by 147.0% in the 3rd quarter. Meiji Yasuda Life Insurance Co now owns 49,269 shares of the company’s stock valued at $782,000 after buying an additional 29,324 shares during the last quarter. Neo Ivy Capital Management raised its position in Host Hotels & Resorts by 236.7% in the 3rd quarter. Neo Ivy Capital Management now owns 13,176 shares of the company’s stock valued at $209,000 after buying an additional 9,263 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Host Hotels & Resorts in the 3rd quarter valued at $221,000. Finally, Neuberger Berman Group LLC raised its position in Host Hotels & Resorts by 46.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 69,386 shares of the company’s stock valued at $1,102,000 after buying an additional 22,094 shares during the last quarter. 97.07% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Up 1.2 %

Shares of HST opened at $15.96 on Wednesday. The business has a 50-day moving average of $17.43 and a 200 day moving average of $17.39. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $21.63. The firm has a market cap of $11.39 billion, a P/E ratio of 18.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.16 and a current ratio of 3.16.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last announced its quarterly earnings data on Wednesday, February 15th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). Host Hotels & Resorts had a return on equity of 9.43% and a net margin of 12.90%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.29 EPS. The company’s revenue was up 26.6% compared to the same quarter last year. As a group, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.74 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.48 annualized dividend and a yield of 3.01%. Host Hotels & Resorts’s dividend payout ratio is currently 54.55%.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of analyst reports. Citigroup lowered their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, March 3rd. Stifel Nicolaus decreased their target price on Host Hotels & Resorts from $22.00 to $21.00 in a research report on Thursday, February 16th. Finally, Morgan Stanley decreased their target price on Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $21.73.

About Host Hotels & Resorts

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.