Freedom Investment Management Inc. Has $380,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Freedom Investment Management Inc. increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,594 shares of the company’s stock after purchasing an additional 625 shares during the period. Freedom Investment Management Inc.’s holdings in Host Hotels & Resorts were worth $380,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after purchasing an additional 113,761 shares during the last quarter. Daiwa Securities Group Inc. grew its position in shares of Host Hotels & Resorts by 66.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares during the period. Swedbank AB raised its stake in shares of Host Hotels & Resorts by 1.1% during the third quarter. Swedbank AB now owns 763,921 shares of the company’s stock worth $13,445,000 after buying an additional 8,341 shares during the last quarter. Cerity Partners LLC lifted its holdings in Host Hotels & Resorts by 23.0% in the third quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock valued at $545,000 after buying an additional 5,778 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after acquiring an additional 181,103 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HST shares. Evercore ISI cut their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Robert W. Baird reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Oppenheimer lowered their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.32.

Host Hotels & Resorts Stock Down 0.1 %

Host Hotels & Resorts stock opened at $18.42 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a fifty day simple moving average of $17.82 and a 200 day simple moving average of $17.67. The company has a market cap of $12.88 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

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

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s payout ratio is presently 77.67%.

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