Ninepoint Partners LP Invests $117,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ninepoint Partners LP bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,019 shares of the company’s stock, valued at approximately $117,000.

Other large investors have also modified their holdings of the company. Miller Howard Investments Inc. NY purchased a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $38,873,000. Tokio Marine Asset Management Co. Ltd. increased its stake in Host Hotels & Resorts by 18.7% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company’s stock valued at $324,000 after purchasing an additional 3,182 shares in the last quarter. M&T Bank Corp increased its stake in Host Hotels & Resorts by 3.8% in the 3rd quarter. M&T Bank Corp now owns 97,148 shares of the company’s stock valued at $1,561,000 after purchasing an additional 3,601 shares in the last quarter. California Public Employees Retirement System increased its stake in Host Hotels & Resorts by 3.0% in the 3rd quarter. California Public Employees Retirement System now owns 1,460,992 shares of the company’s stock valued at $23,478,000 after purchasing an additional 42,446 shares in the last quarter. Finally, Sowell Financial Services LLC purchased a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $587,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HST shares. UBS Group dropped their price target on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus raised their price target on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Jefferies Financial Group raised their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Oppenheimer raised their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Host Hotels & Resorts Trading Up 0.5 %

HST stock traded up $0.09 during midday trading on Friday, reaching $18.68. The company’s stock had a trading volume of 1,443,764 shares, compared to its average volume of 5,965,394. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The stock has a market cap of $13.14 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.67 and a beta of 1.31. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The business’s 50-day simple moving average is $20.31 and its 200-day simple moving average is $18.77.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.28%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s payout ratio is 76.92%.

About Host Hotels & Resorts

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.