Investment Management Corp of Ontario Acquires 31,750 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Investment Management Corp of Ontario lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 17.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,458 shares of the company’s stock after acquiring an additional 31,750 shares during the quarter. Investment Management Corp of Ontario’s holdings in Host Hotels & Resorts were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HST. Tidal Investments LLC boosted its stake in shares of Host Hotels & Resorts by 27.1% during the 3rd quarter. Tidal Investments LLC now owns 31,038 shares of the company’s stock worth $546,000 after acquiring an additional 6,611 shares during the period. Czech National Bank lifted its holdings in Host Hotels & Resorts by 5.9% during the 4th quarter. Czech National Bank now owns 151,564 shares of the company’s stock worth $2,655,000 after purchasing an additional 8,470 shares during the last quarter. Eastern Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $45,000. Meridian Financial Partners LLC lifted its holdings in Host Hotels & Resorts by 1.3% during the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock worth $1,364,000 after purchasing an additional 977 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in Host Hotels & Resorts by 10.9% during the 4th quarter. Ritholtz Wealth Management now owns 106,073 shares of the company’s stock worth $1,858,000 after purchasing an additional 10,463 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HST has been the subject of several research reports. Truist Financial dropped their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday, March 21st. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Compass Point cut 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 report on Monday, March 10th. Wells Fargo & Company dropped 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. Finally, Evercore ISI dropped their price objective on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.90.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $14.82 on Monday. 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 52 week low of $12.22 and a 52 week high of $19.37. The stock has a market capitalization of $10.28 billion, a P/E ratio of 14.97 and a beta of 1.29. The stock has a fifty day moving average of $14.36 and a 200-day moving average of $16.36.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Host Hotels & Resorts’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.40%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

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.