Ritholtz Wealth Management Grows Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ritholtz Wealth Management boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.9% during the 1st quarter, Holdings Channel reports. The firm owned 31,703 shares of the company’s stock after acquiring an additional 3,618 shares during the quarter. Ritholtz Wealth Management’s holdings in Host Hotels & Resorts were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Sheaff Brock Investment Advisors LLC grew its position in Host Hotels & Resorts by 1.4% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 48,039 shares of the company’s stock worth $809,000 after purchasing an additional 644 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of Host Hotels & Resorts by 1.5% in the 1st quarter. Elo Mutual Pension Insurance Co now owns 50,886 shares of the company’s stock valued at $857,000 after acquiring an additional 745 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of Host Hotels & Resorts by 7.3% in the 4th quarter. Cetera Advisors LLC now owns 12,369 shares of the company’s stock valued at $181,000 after acquiring an additional 837 shares during the last quarter. Synovus Financial Corp boosted its holdings in shares of Host Hotels & Resorts by 2.9% in the 4th quarter. Synovus Financial Corp now owns 32,893 shares of the company’s stock valued at $482,000 after acquiring an additional 929 shares during the last quarter. Finally, Commerce Bank boosted its holdings in shares of Host Hotels & Resorts by 4.0% in the 1st quarter. Commerce Bank now owns 26,640 shares of the company’s stock valued at $449,000 after acquiring an additional 1,036 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

Several analysts have recently commented on HST shares. Barclays upped their price objective on shares of Host Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, March 18th. Evercore ISI raised shares of Host Hotels & Resorts from an “in-line” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Friday, May 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, February 22nd. Jefferies Financial Group reissued a “hold” rating and set a $17.00 price target on shares of Host Hotels & Resorts in a report on Monday, March 1st. Finally, BTIG Research increased their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, March 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.66.

NASDAQ:HST opened at $18.01 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 26.76 and a quick ratio of 26.76. The business’s fifty day moving average is $17.40. The firm has a market capitalization of $12.72 billion, a PE ratio of -14.41 and a beta of 1.40. Host Hotels & Resorts, Inc. has a fifty-two week low of $10.04 and a fifty-two week high of $18.52.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Tuesday, May 4th. The company reported $0.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $319.14 million. Host Hotels & Resorts had a negative net margin of 91.11% and a negative return on equity of 13.76%. The firm’s revenue for the quarter was down 62.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 0.2 earnings per share for the current year.

In other news, Director Walter C. Rakowich sold 3,300 shares of the stock in a transaction dated Friday, May 21st. The shares were sold at an average price of $16.83, for a total value of $55,539.00. 1.20% of the stock is owned by corporate insiders.

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

Featured Article: What is the downside to momentum investing?

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NASDAQ:HST).

Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.