Fullerton Fund Management Co Ltd. Invests $386,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fullerton Fund Management Co Ltd. acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 22,060 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors have also added to or reduced their stakes in HST. National Pension Service bought a new stake in Host Hotels & Resorts during the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised its stake in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in 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 worth $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group cut their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Truist Financial reduced their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Evercore ISI lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Citigroup reduced 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 report on Monday, March 17th. Finally, Morgan Stanley lowered their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.90.

Host Hotels & Resorts Price Performance

HST stock opened at $14.82 on Friday. The firm has a 50-day moving average of $14.36 and a 200 day moving average of $16.38. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a market cap of $10.28 billion, a P/E ratio of 14.97 and a beta of 1.29. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.40%. Host Hotels & Resorts’s dividend payout ratio is currently 83.33%.

Host Hotels & Resorts Company Profile

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.