Eastern Bank Buys Shares of 2,568 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Eastern Bank purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,568 shares of the company’s stock, valued at approximately $45,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Freedom Investment Management Inc. boosted its stake in Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after purchasing an additional 625 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock valued at $296,000 after purchasing an additional 784 shares in the last quarter. Inspire Investing LLC raised its holdings in shares of Host Hotels & Resorts by 1.0% in the third quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock worth $1,441,000 after buying an additional 812 shares during the last quarter. Mendota Financial Group LLC lifted its stake 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 buying an additional 842 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.2 %

HST opened at $17.32 on Thursday. The company has a fifty day moving average of $17.98 and a two-hundred day moving average of $17.64. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.82 and a beta of 1.31. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HST shares. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. UBS Group reduced their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.04.

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About Host Hotels & Resorts

(Free Report)

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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