Los Angeles Capital Management LLC Decreases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Los Angeles Capital Management LLC lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 98.4% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,427 shares of the company’s stock after selling 1,338,081 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Host Hotels & Resorts were worth $395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HST. Assetmark Inc. increased its holdings in shares of Host Hotels & Resorts by 0.7% in the third quarter. Assetmark Inc. now owns 188,948 shares of the company’s stock valued at $3,325,000 after purchasing an additional 1,348 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock valued at $296,000 after purchasing an additional 784 shares during the last quarter. Summit Global Investments increased its holdings in shares of Host Hotels & Resorts by 12.0% in the third quarter. Summit Global Investments now owns 11,211 shares of the company’s stock valued at $197,000 after purchasing an additional 1,199 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Host Hotels & Resorts by 11.6% in the third quarter. Van ECK Associates Corp now owns 135,457 shares of the company’s stock valued at $2,354,000 after purchasing an additional 14,088 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at approximately $108,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HST. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Oppenheimer cut their target price on 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. Finally, Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.21.

Host Hotels & Resorts Trading Down 1.1 %

HST opened at $17.26 on Monday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The business has a fifty day simple moving average of $17.72 and a 200-day simple moving average of $17.69. The firm has a market cap of $12.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.55 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its 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). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.41 earnings per share. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

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.