AMP Capital Investors Ltd lifted its position in Host Hotels and Resorts Inc (NYSE:HST) by 15.4% in the 4th quarter, Holdings Channel reports. The firm owned 800,177 shares of the real estate investment trust’s stock after purchasing an additional 106,576 shares during the quarter. AMP Capital Investors Ltd’s holdings in Host Hotels and Resorts were worth $15,884,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Amica Retiree Medical Trust purchased a new position in shares of Host Hotels and Resorts in the third quarter worth about $154,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth about $188,000. IFP Advisors Inc raised its stake in shares of Host Hotels and Resorts by 695.1% in the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 8,668 shares during the last quarter. Koch Industries Inc. purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth about $209,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Host Hotels and Resorts in the fourth quarter worth about $216,000.
Several research analysts have recently issued reports on the company. Wolfe Research assumed coverage on Host Hotels and Resorts in a research note on Wednesday, November 29th. They issued a “market perform” rating for the company. Raymond James Financial upgraded Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, January 8th. Robert W. Baird set a $21.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Royal Bank of Canada restated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels and Resorts in a research note on Tuesday, March 6th. Finally, Cantor Fitzgerald set a $21.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Friday, February 23rd. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $20.71.
Shares of Host Hotels and Resorts Inc (NYSE HST) opened at $18.73 on Tuesday. The company has a market capitalization of $13,890.00, a PE ratio of 24.32, a P/E/G ratio of 2.28 and a beta of 1.31. Host Hotels and Resorts Inc has a 1-year low of $17.26 and a 1-year high of $21.53. The company has a current ratio of 3.51, a quick ratio of 3.51 and a debt-to-equity ratio of 0.56.
Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.42 EPS for the quarter, topping the consensus estimate of $0.15 by $0.27. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Host Hotels and Resorts had a return on equity of 7.97% and a net margin of 10.47%. Host Hotels and Resorts’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. analysts predict that Host Hotels and Resorts Inc will post 1.66 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 103.90%.
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About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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