Capital Analysts LLC Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Capital Analysts LLC trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.2% during the 4th quarter, Holdings Channel reports. The fund owned 94,975 shares of the company’s stock after selling 7,367 shares during the period. Capital Analysts LLC’s holdings in Host Hotels & Resorts were worth $1,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HST. Cohen & Steers Inc. lifted its stake in shares of Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after purchasing an additional 3,932,928 shares during the last quarter. Norges Bank bought a new stake in Host Hotels & Resorts in the fourth quarter worth $807,878,000. JPMorgan Chase & Co. boosted its stake in Host Hotels & Resorts by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after buying an additional 643,450 shares during the period. Invesco Ltd. increased its position in Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after acquiring an additional 4,460,468 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Host Hotels & Resorts by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company’s stock valued at $336,539,000 after acquiring an additional 350,634 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HST shares. Raymond James dropped their price target on shares of 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. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Citigroup cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial decreased their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $19.10.

Host Hotels & Resorts Price Performance

Shares of HST opened at $13.88 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a 50 day moving average price of $14.72 and a 200-day moving average price of $16.60. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87. The stock has a market capitalization of $9.62 billion, a PE ratio of 14.02 and a beta of 1.26.

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

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 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.