Nuveen Asset Management LLC Sells 315,484 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nuveen Asset Management LLC cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,393,759 shares of the company’s stock after selling 315,484 shares during the period. Nuveen Asset Management LLC owned about 0.91% of Host Hotels & Resorts worth $112,019,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Cohen & Steers Inc. increased its holdings 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 acquiring an additional 3,932,928 shares during the period. Norges Bank purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $807,878,000. JPMorgan Chase & Co. increased its holdings in shares of Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock valued at $649,076,000 after acquiring an additional 643,450 shares during the period. Invesco Ltd. increased its holdings in shares of Host Hotels & Resorts by 24.7% in the 4th 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 period. Finally, Geode Capital Management LLC increased its holdings in shares of Host Hotels & Resorts by 1.9% in the 4th 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 owned by institutional investors.

Host Hotels & Resorts Stock Up 1.0%

Shares of HST stock opened at $15.56 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The stock’s fifty day moving average price is $14.33 and its 200 day moving average price is $16.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 15.72 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.14%. Host Hotels & Resorts’s dividend payout ratio is currently 83.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HST shares. Jefferies Financial Group downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Raymond James cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Truist Financial cut their price target 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Hold” and an average price target of $18.90.

Host Hotels & Resorts Company Profile

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.