Migdal Insurance & Financial Holdings Ltd. Purchases 2,326 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 31.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 9,733 shares of the company’s stock after buying an additional 2,326 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Host Hotels & Resorts were worth $164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vantage Consulting Group Inc bought a new stake in Host Hotels & Resorts in the fourth quarter valued at $53,000. Ellevest Inc. increased its stake in Host Hotels & Resorts by 224.7% in the fourth quarter. Ellevest Inc. now owns 5,198 shares of the company’s stock valued at $76,000 after purchasing an additional 3,597 shares in the last quarter. Sentry Investment Management LLC bought a new stake in Host Hotels & Resorts in the first quarter valued at $115,000. Maryland State Retirement & Pension System bought a new stake in Host Hotels & Resorts in the fourth quarter valued at $156,000. Finally, Savant Capital LLC bought a new stake in Host Hotels & Resorts in the fourth quarter valued at $171,000. 95.67% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts stock opened at $17.33 on Monday. Host Hotels & Resorts, Inc. has a fifty-two week low of $9.55 and a fifty-two week high of $18.52. The stock has a market cap of $12.24 billion, a PE ratio of -20.88 and a beta of 1.38. The firm’s 50-day simple moving average is $17.38 and its 200 day simple moving average is $15.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 31.40 and a current ratio of 31.40.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Tuesday, May 4th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.16. The business had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $319.14 million. Host Hotels & Resorts had a negative net margin of 21.88% and a negative return on equity of 8.55%. The firm’s revenue for the quarter was down 62.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. As a group, analysts predict that Host Hotels & Resorts, Inc. will post -0.36 EPS for the current fiscal year.

Several equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Host Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, March 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, February 22nd. Evercore ISI upgraded shares of Host Hotels & Resorts from an “in-line” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Friday. Morgan Stanley lifted their price objective on shares of Host Hotels & Resorts from $10.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, January 20th. Finally, BTIG Research lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 12th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $15.53.

Host Hotels & Resorts Profile

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.

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

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