Ninepoint Partners LP Makes New $117,000 Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ninepoint Partners LP bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,019 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds have also modified their holdings of the business. Federated Hermes Inc. raised its position in Host Hotels & Resorts by 3.3% in the fourth quarter. Federated Hermes Inc. now owns 41,992 shares of the company’s stock valued at $818,000 after purchasing an additional 1,351 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Host Hotels & Resorts by 150.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,051,599 shares of the company’s stock worth $20,475,000 after purchasing an additional 632,244 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its stake in Host Hotels & Resorts by 4,362.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 86,743 shares of the company’s stock worth $1,689,000 after purchasing an additional 84,799 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its stake in Host Hotels & Resorts by 8.2% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 33,550 shares of the company’s stock worth $653,000 after purchasing an additional 2,547 shares in the last quarter. Finally, Private Client Services LLC acquired a new position in Host Hotels & Resorts during the fourth quarter worth $754,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 0.5 %

Shares of Host Hotels & Resorts stock traded up $0.09 on Friday, hitting $18.68. 1,443,764 shares of the company’s stock traded hands, compared to its average volume of 5,965,394. The stock has a market cap of $13.14 billion, a P/E ratio of 17.95, a PEG ratio of 1.67 and a beta of 1.31. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average is $20.31 and its 200 day moving average is $18.77. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.44 earnings per share. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s payout ratio is currently 76.92%.

Analyst Ratings Changes

HST has been the subject of several recent research reports. Truist Financial lifted their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Jefferies Financial Group boosted their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer upped their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Finally, Raymond James boosted their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $21.33.

Insider Buying and Selling at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is owned by corporate insiders.

Host Hotels & Resorts Company Profile

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.