Janney Montgomery Scott LLC Grows Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Janney Montgomery Scott LLC grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 186.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,203 shares of the company’s stock after acquiring an additional 33,984 shares during the period. Janney Montgomery Scott LLC’s holdings in Host Hotels & Resorts were worth $915,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HST. MassMutual Private Wealth & Trust FSB grew its stake in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after acquiring an additional 991 shares in the last quarter. Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $45,000. Farther Finance Advisors LLC raised its stake in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after purchasing an additional 867 shares in the last quarter. Signaturefd LLC raised its stake in shares of Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Mendota Financial Group LLC lifted its position in shares of Host Hotels & Resorts by 27.1% during the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after purchasing an additional 842 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HST. UBS Group cut their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $20.96.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $16.37 on Thursday. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a market cap of $11.44 billion, a PE ratio of 15.89 and a beta of 1.30. The stock has a 50 day simple moving average of $17.68 and a 200-day simple moving average of $17.53. 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 (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.89%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

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 following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.