Janney Montgomery Scott LLC Boosts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Janney Montgomery Scott LLC raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 186.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 52,203 shares of the company’s stock after purchasing an additional 33,984 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Host Hotels & Resorts were worth $915,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares during the period. Eastern Bank purchased a new position in Host Hotels & Resorts in the fourth quarter worth $45,000. Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after acquiring an additional 867 shares during the period. Signaturefd LLC lifted its holdings in Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after acquiring an additional 1,198 shares during the period. Finally, Mendota Financial Group LLC boosted its position in shares of Host Hotels & Resorts by 27.1% during the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after purchasing an additional 842 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of a number of research analyst reports. UBS Group cut 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 report on Tuesday, January 28th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.96.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.37 on Thursday. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. 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 firm has a 50 day moving average price of $17.68 and a 200 day moving average price of $17.53. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 15.89 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

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

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.