Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 792,420 shares of the company’s stock after purchasing an additional 6,592 shares during the quarter. Envestnet Asset Management Inc. owned about 0.11% of Host Hotels & Resorts worth $11,260,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $807,878,000. Deutsche Bank AG grew its position in shares of Host Hotels & Resorts by 184.7% in the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company’s stock valued at $170,855,000 after purchasing an additional 6,326,709 shares during the last quarter. Rush Island Management LP acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $99,402,000. Invesco Ltd. grew its position in shares of Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company’s stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $16.14 on Friday. The company’s 50 day moving average price is $15.70 and its 200 day moving average price is $15.56. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. The company has a market capitalization of $11.20 billion, a PE ratio of 16.81 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. Host Hotels & Resorts’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 83.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HST shares. Wells Fargo & Company increased their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Evercore ISI reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.96.

Host Hotels & Resorts 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.