Rockefeller Capital Management L.P. Acquires 1,292 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rockefeller Capital Management L.P. lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,882 shares of the company’s stock after buying an additional 1,292 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Host Hotels & Resorts were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HST. Daiwa Securities Group Inc. grew 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 valued at $240,017,000 after acquiring an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after purchasing an additional 181,103 shares in the last quarter. LSV Asset Management increased its stake in shares of Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after purchasing an additional 965,100 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after acquiring an additional 1,339,458 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of 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 buying an additional 5,811,722 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $19.07 on Wednesday. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The business has a 50-day simple moving average of $17.87 and a two-hundred day simple moving average of $17.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market cap of $13.33 billion, a PE ratio of 18.51 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group reduced their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Stifel Nicolaus decreased their price objective on 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 increased their price objective 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. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $21.39.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.