Waterfront Capital Partners LLC Makes New $11.53 Million Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Waterfront Capital Partners LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 654,953 shares of the company’s stock, valued at approximately $11,527,000. Host Hotels & Resorts makes up about 1.6% of Waterfront Capital Partners LLC’s portfolio, making the stock its 22nd biggest holding. Waterfront Capital Partners LLC owned 0.09% of Host Hotels & Resorts at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Host Hotels & Resorts by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after buying an additional 584 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after buying an additional 625 shares in the last quarter. D Orazio & Associates Inc. lifted its position in shares of Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after buying an additional 648 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after buying an additional 784 shares in the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock worth $1,441,000 after buying an additional 812 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Evercore ISI dropped their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, UBS Group lowered their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.32.

Host Hotels & Resorts Stock Up 0.7 %

HST opened at $18.43 on Friday. The company has a fifty day moving average price of $17.83 and a 200-day moving average price of $17.67. The firm has a market capitalization of $12.88 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Host Hotels & Resorts Company 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.