Ethic Inc. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ethic Inc. grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 72.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,900 shares of the company’s stock after purchasing an additional 22,228 shares during the quarter. Ethic Inc.’s holdings in Host Hotels & Resorts were worth $904,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. Tradition Wealth Management LLC purchased a new position in Host Hotels & Resorts in the first quarter worth $27,000. FFT Wealth Management LLC purchased a new position in Host Hotels & Resorts in the second quarter worth $29,000. Harvest Fund Management Co. Ltd purchased a new position in Host Hotels & Resorts in the first quarter worth $33,000. Quadrant Capital Group LLC grew its holdings in Host Hotels & Resorts by 64.4% in the first quarter. Quadrant Capital Group LLC now owns 3,655 shares of the company’s stock worth $62,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Host Hotels & Resorts by 47.1% during the first quarter. Bessemer Group Inc. now owns 3,706 shares of the company’s stock valued at $63,000 after buying an additional 1,187 shares during the last quarter.

Shares of Host Hotels & Resorts stock opened at $16.63 on Wednesday. The firm has a 50-day simple moving average of $16.08 and a two-hundred day simple moving average of $16.87. The company has a market cap of $11.87 billion, a P/E ratio of -19.80 and a beta of 1.39. Host Hotels & Resorts, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $18.52. The company has a debt-to-equity ratio of 0.89, a quick ratio of 18.81 and a current ratio of 18.81.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Tuesday, August 3rd. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13). Host Hotels & Resorts had a negative return on equity of 9.38% and a negative net margin of 38.93%. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 0.43 EPS for the current year.

A number of equities research analysts have recently weighed in on HST shares. Truist raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Tuesday, August 17th. BMO Capital Markets reissued a “buy” rating on shares of Host Hotels & Resorts in a report on Friday, August 13th. Capital One Financial raised shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $18.50 to $20.50 in a report on Thursday, June 17th. Truist Securities raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating and set a $16.00 price objective on the stock in a report on Tuesday, August 17th. Finally, BTIG Research reissued a “buy” rating and set a $19.00 price objective on shares of Host Hotels & Resorts in a report on Friday, June 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $16.61.

About Host Hotels & Resorts

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 Hotel Ownership segment. Its properties are located in U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.

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

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