Landscape Capital Management L.L.C. Makes New $482,000 Investment in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Landscape Capital Management L.L.C. bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,386 shares of the company’s stock, valued at approximately $482,000.

Other large investors have also recently made changes to their positions in the company. BROOKFIELD Corp ON purchased a new stake in Host Hotels & Resorts during the first quarter worth about $25,000. Blue Trust Inc. grew its position in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after acquiring an additional 1,002 shares during the period. Global X Japan Co. Ltd. purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its stake in Host Hotels & Resorts by 44.5% in the third 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 during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Host Hotels & Resorts during the second quarter valued at $51,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.25 on Friday. The company has a market cap of $12.76 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $17.79 and a 200-day moving average price of $17.67. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion during 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 company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.38%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Evercore ISI dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday. 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 research report on Wednesday, September 4th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $21.18.

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.