Mackenzie Financial Corp Raises Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mackenzie Financial Corp increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 44.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,827 shares of the company’s stock after purchasing an additional 19,828 shares during the quarter. Mackenzie Financial Corp’s holdings in Host Hotels & Resorts were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Host Hotels & Resorts by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company’s stock worth $2,260,281,000 after purchasing an additional 1,379,330 shares in the last quarter. State Street Corp increased its stake in Host Hotels & Resorts by 7.1% during the first quarter. State Street Corp now owns 49,154,706 shares of the company’s stock worth $956,516,000 after acquiring an additional 3,240,590 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Host Hotels & Resorts by 1.7% in the first quarter. Wellington Management Group LLP now owns 20,350,456 shares of the company’s stock valued at $395,409,000 after acquiring an additional 337,143 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Host Hotels & Resorts by 2.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 11,901,611 shares of the company’s stock valued at $231,249,000 after buying an additional 303,610 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Host Hotels & Resorts by 4.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,382,589 shares of the company’s stock worth $182,304,000 after purchasing an additional 376,985 shares during the period. Institutional investors own 98.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TheStreet raised Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Friday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Wells Fargo & Company upgraded 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. Oppenheimer initiated coverage on Host Hotels & Resorts in a research note on Wednesday, September 14th. They set a “market perform” rating and a $21.00 target price on the stock. Finally, StockNews.com initiated coverage on Host Hotels & Resorts in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $21.92.

Host Hotels & Resorts Stock Performance

HST opened at $18.27 on Thursday. The firm has a 50 day moving average of $17.64 and a two-hundred day moving average of $17.47. The firm has a market capitalization of $13.06 billion, a PE ratio of 16.17 and a beta of 1.24. The company has a current ratio of 8.73, a quick ratio of 8.73 and a debt-to-equity ratio of 0.62. Host Hotels & Resorts, Inc. has a 12-month low of $15.10 and a 12-month high of $21.63.

Host Hotels & Resorts Profile

(Get Rating)

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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.