Landscape Capital Management L.L.C. Invests $482,000 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) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 27,386 shares of the company’s stock, valued at approximately $482,000.

A number of other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after buying an additional 286,281 shares during the last quarter. Swedbank AB purchased a new stake in Host Hotels & Resorts during the 1st quarter valued at about $15,509,000. PGGM Investments grew its position in Host Hotels & Resorts by 2.0% during the 2nd quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock worth $55,981,000 after acquiring an additional 59,772 shares during the last quarter. Shell Asset Management Co. purchased a new position in Host Hotels & Resorts in the 1st quarter worth approximately $371,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Host Hotels & Resorts by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after purchasing an additional 32,586 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Oppenheimer decreased their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Evercore ISI dropped their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday. Finally, Robert W. Baird lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.18.

Host Hotels & Resorts Price Performance

HST opened at $18.25 on Friday. 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 $12.76 billion, a price-to-earnings 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 fifty day simple moving average of $17.79 and a two-hundred day simple moving average of $17.67.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.41 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared 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 was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Host Hotels & Resorts Company 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.