Picton Mahoney Asset Management Acquires 165,747 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Picton Mahoney Asset Management lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 50.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 495,949 shares of the company’s stock after purchasing an additional 165,747 shares during the quarter. Picton Mahoney Asset Management owned 0.07% of Host Hotels & Resorts worth $8,690,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Host Hotels & Resorts by 537.4% in 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 purchasing an additional 5,811,722 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Host Hotels & Resorts by 66.9% during the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. KBC Group NV raised its position in Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock worth $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in Host Hotels & Resorts by 92.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after acquiring an additional 1,331,407 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Host Hotels & Resorts during the fourth quarter worth $17,586,000. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HST shares. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Stifel Nicolaus dropped their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Raymond James decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.21.

Host Hotels & Resorts Trading Up 2.7 %

HST stock opened at $14.91 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company’s 50-day simple moving average is $16.52 and its 200 day simple moving average is $17.39. Host Hotels & Resorts, Inc. has a 52 week low of $14.47 and a 52 week high of $21.27. The company has a market capitalization of $10.42 billion, a PE ratio of 15.06 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. Host Hotels & Resorts’s payout ratio is 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.