24,544 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 24,544 shares of the company’s stock, valued at approximately $430,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after buying an additional 5,811,722 shares in the last quarter. KBC Group NV grew its stake in Host Hotels & Resorts by 155.2% during the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in Host Hotels & Resorts by 92.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after acquiring an additional 1,331,407 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its stake in Host Hotels & Resorts by 48.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,011,988 shares of the company’s stock worth $52,770,000 after purchasing an additional 978,069 shares in the last quarter. Finally, State Street Corp lifted its stake in Host Hotels & Resorts by 1.9% in the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on HST shares. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Truist Financial reduced their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday. Citigroup lowered their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $15.02 on Tuesday. The company’s 50 day simple moving average is $16.28 and its 200-day simple moving average is $17.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 1 year low of $14.25 and a 1 year high of $20.98. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 15.17 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.33%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

Host Hotels & Resorts Profile

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.