MMA Asset Management LLC Buys Shares of 18,506 Host Hotels & Resorts, Inc. (NASDAQ:HST)

MMA Asset Management LLC bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,506 shares of the company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of Host Hotels & Resorts by 23.1% in the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after purchasing an additional 113,761 shares during the period. Verition Fund Management LLC raised its position in shares of Host Hotels & Resorts by 123.4% in the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after purchasing an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of Host Hotels & Resorts in the third quarter valued at approximately $540,000. LMR Partners LLP bought a new stake in shares of Host Hotels & Resorts in the third quarter valued at approximately $4,775,000. Finally, Aigen Investment Management LP bought a new stake in shares of Host Hotels & Resorts in the third quarter valued at approximately $639,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on HST shares. UBS Group lowered their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Raymond James decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Two research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.54.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $16.13 on Friday. The company’s fifty day moving average price is $16.97 and its 200-day moving average price is $17.48. The firm has a market capitalization of $11.28 billion, a price-to-earnings ratio of 16.29 and a beta of 1.30. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly 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. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.96%. Host Hotels & Resorts’s dividend payout ratio (DPR) 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.