Dimensional Fund Advisors LP Reduces Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Dimensional Fund Advisors LP cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 1.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,069,751 shares of the company’s stock after selling 160,957 shares during the quarter. Dimensional Fund Advisors LP owned about 1.41% of Host Hotels & Resorts worth $195,664,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Host Hotels & Resorts by 21.5% in the 4th quarter. JPMorgan Chase & Co. now owns 50,513,346 shares of the company’s stock worth $878,428,000 after purchasing an additional 8,935,955 shares in the last quarter. State Street Corp grew its holdings in shares of Host Hotels & Resorts by 7.8% during the fourth quarter. State Street Corp now owns 45,914,116 shares of the company’s stock valued at $798,446,000 after buying an additional 3,325,853 shares during the last quarter. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $422,242,000. Invesco Ltd. raised its stake in Host Hotels & Resorts by 4.0% in the 4th quarter. Invesco Ltd. now owns 20,672,870 shares of the company’s stock worth $359,500,000 after acquiring an additional 794,523 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Host Hotels & Resorts by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 15,580,484 shares of the company’s stock worth $270,366,000 after acquiring an additional 301,868 shares during the last quarter. Institutional investors and hedge funds own 98.79% of the company’s stock.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.67 on Friday. The stock has a market capitalization of $12.63 billion, a P/E ratio of 22.09 and a beta of 1.22. The company’s fifty day moving average price is $18.04 and its 200 day moving average price is $17.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 11.29 and a current ratio of 11.29. Host Hotels & Resorts, Inc. has a 1 year low of $15.10 and a 1 year high of $21.63.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.12). Host Hotels & Resorts had a net margin of 13.34% and a return on equity of 8.86%. During the same quarter last year, the business posted $0.12 earnings per share. As a group, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.79 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.72%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s dividend payout ratio (DPR) is 30.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HST shares. Wells Fargo & Company raised Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $21.00 in a report on Monday, August 29th. Truist Financial lifted their price objective on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, June 1st. Evercore ISI reissued an “outperform” rating and set a $23.00 target price on shares of Host Hotels & Resorts in a report on Monday, July 11th. Barclays lowered their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Finally, Citigroup lifted their price objective on Host Hotels & Resorts to $22.00 in a research note on Monday, August 15th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Host Hotels & Resorts Profile

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

See Also

Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.