Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Increased by abrdn plc

abrdn plc raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,461,109 shares of the company’s stock after purchasing an additional 226,310 shares during the period. abrdn plc owned about 0.21% of Host Hotels & Resorts worth $25,547,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Host Hotels & Resorts by 537.4% during 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 valued at $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. increased its stake 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 valued at $240,017,000 after purchasing an additional 5,466,629 shares during the last quarter. KBC Group NV increased its stake 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 valued at $98,305,000 after purchasing an additional 3,412,589 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake 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 valued at $48,652,000 after purchasing an additional 1,331,407 shares during the last quarter. Finally, State Street Corp grew its position in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after acquiring an additional 950,431 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.37 on Thursday. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.44 billion, a price-to-earnings ratio of 15.89 and a beta of 1.30. The firm has a 50-day moving average of $17.68 and a two-hundred day moving average of $17.53.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.41 earnings per share. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is 77.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, UBS Group lowered their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.96.

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.