Y Intercept Hong Kong Ltd Invests $689,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Y Intercept Hong Kong Ltd acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 39,315 shares of the company’s stock, valued at approximately $689,000.

A number of other hedge funds also recently made changes to their positions in HST. MassMutual Private Wealth & Trust FSB grew its stake in Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Eastern Bank acquired a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $45,000. Farther Finance Advisors LLC grew its stake in 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 purchasing an additional 867 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $57,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HST. UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Stock Up 0.8 %

Shares of NASDAQ:HST opened at $16.13 on Friday. The stock has a market cap of $11.28 billion, a price-to-earnings ratio of 16.29 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The business’s 50 day moving average is $16.97 and its 200 day moving average is $17.47.

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 the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.96%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

Host Hotels & Resorts Company 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.