Avantax Advisory Services Inc. Buys New Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Avantax Advisory Services Inc. purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,357 shares of the company’s stock, valued at approximately $181,000.

Other institutional investors have also modified their holdings of the company. National Pension Service acquired a new stake in Host Hotels & Resorts during the fourth quarter worth about $26,000. Jones Financial Companies Lllp grew its stake in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of analyst reports. Raymond James decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Citigroup decreased their target price on 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. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Finally, Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Trading Down 1.9 %

Shares of Host Hotels & Resorts stock opened at $14.53 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $14.25 and a 1-year high of $20.85. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The stock has a market cap of $10.16 billion, a P/E ratio of 14.68 and a beta of 1.30. The stock’s 50 day simple moving average is $16.13 and its 200-day simple moving average is $17.24.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.37 billion. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.51%. Host Hotels & Resorts’s payout ratio is 80.81%.

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.