Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,066 shares of the company’s stock after selling 1,067 shares during the quarter. Hartford Investment Management Co.’s holdings in Host Hotels & Resorts were worth $776,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HST. Allspring Global Investments Holdings LLC grew its stake in Host Hotels & Resorts by 39.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 649,672 shares of the company’s stock valued at $13,435,000 after acquiring an additional 184,369 shares in the last quarter. Norden Group LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $616,000. Legacy Wealth Asset Management LLC increased its holdings in shares of Host Hotels & Resorts by 3.8% in the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after purchasing an additional 579 shares during the last quarter. Leeward Investments LLC MA lifted its position in Host Hotels & Resorts by 4.9% during the first quarter. Leeward Investments LLC MA now owns 330,403 shares of the company’s stock worth $6,833,000 after buying an additional 15,331 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its stake in Host Hotels & Resorts by 3.5% during the first quarter. FORVIS Wealth Advisors LLC now owns 166,417 shares of the company’s stock worth $3,442,000 after buying an additional 5,570 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Robert W. Baird reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Oppenheimer dropped their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Evercore ISI reduced their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

Host Hotels & Resorts Trading Down 0.5 %

NASDAQ HST opened at $17.58 on Friday. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The firm has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $17.86. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.