1,003,776 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,003,776 shares of the company’s stock, valued at approximately $17,586,000. Raymond James Financial Inc. owned 0.14% of Host Hotels & Resorts at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HST. Oppenheimer Asset Management Inc. boosted its stake in Host Hotels & Resorts by 58.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company’s stock worth $616,000 after acquiring an additional 12,859 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Host Hotels & Resorts by 8.1% during the third quarter. CIBC Asset Management Inc now owns 102,581 shares of the company’s stock valued at $1,805,000 after purchasing an additional 7,672 shares during the last quarter. Swiss National Bank boosted its position in shares of Host Hotels & Resorts by 0.4% in the 3rd quarter. Swiss National Bank now owns 2,091,679 shares of the company’s stock worth $36,814,000 after purchasing an additional 8,700 shares in the last quarter. GLOBALT Investments LLC GA purchased a new stake in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $561,000. Finally, LMR Partners LLP bought a new position in Host Hotels & Resorts during the 3rd quarter valued at approximately $4,775,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 2.6 %

HST stock opened at $15.30 on Tuesday. The business’s 50-day moving average is $16.48 and its two-hundred day moving average is $17.38. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 15.45 and a beta of 1.30. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.47 and a fifty-two week high of $21.27. 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 (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.23%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Analyst Ratings Changes

Several research firms have commented on HST. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Raymond James cut their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Citigroup dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Stifel Nicolaus reduced 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts has a consensus rating of “Hold” and an average price target of $20.12.

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.