Allstate Corp Has $2.51 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allstate Corp increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 316.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,314 shares of the company’s stock after purchasing an additional 108,864 shares during the quarter. Allstate Corp’s holdings in Host Hotels & Resorts were worth $2,511,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. National Pension Service bought a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its holdings in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth about $40,000. Finally, Eastern Bank acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Finally, Raymond James lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Stock Down 1.8 %

Shares of NASDAQ HST opened at $14.27 on Friday. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $9.98 billion, a PE ratio of 14.41 and a beta of 1.30. The firm’s 50-day moving average is $16.07 and its 200-day moving average is $17.23. Host Hotels & Resorts, Inc. has a 1 year low of $14.15 and a 1 year high of $20.85.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.61%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

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.