Wealth Enhancement Advisory Services LLC Buys 16,578 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wealth Enhancement Advisory Services LLC increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 46.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,000 shares of the company’s stock after acquiring an additional 16,578 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Host Hotels & Resorts were worth $911,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts by 24.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 107,104 shares of the company’s stock worth $1,921,000 after acquiring an additional 20,886 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Host Hotels & Resorts by 4.1% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 211,549 shares of the company’s stock valued at $3,706,000 after buying an additional 8,283 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Host Hotels & Resorts during the 4th quarter valued at about $312,000. Entropy Technologies LP acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $1,442,000. Finally, Savant Capital LLC increased its holdings in Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock worth $428,000 after purchasing an additional 634 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $15.92 on Tuesday. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. The firm has a fifty day simple moving average of $14.51 and a 200 day simple moving average of $16.03. The company has a market capitalization of $11.04 billion, a PE ratio of 16.08 and a beta of 1.32. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

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

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 83.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HST shares. Citigroup decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $18.00 in a report on Monday, March 10th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.27.

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.