Park Avenue Securities LLC reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 56.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,132 shares of the company’s stock after selling 44,851 shares during the quarter. Park Avenue Securities LLC’s holdings in Host Hotels & Resorts were worth $598,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Freedom Investment Management Inc. boosted its position in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after acquiring an additional 625 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Host Hotels & Resorts by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock valued at $296,000 after acquiring an additional 784 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Host Hotels & Resorts by 1.0% in the third quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock worth $1,441,000 after buying an additional 812 shares during the period. Mendota Financial Group LLC grew its stake in Host Hotels & Resorts by 27.1% during the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock valued at $70,000 after acquiring an additional 842 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its position in Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after purchasing an additional 867 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
HST has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $21.04.
Host Hotels & Resorts Price Performance
NASDAQ:HST opened at $17.29 on Thursday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm has a market cap of $12.09 billion, a PE ratio of 16.79 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company’s 50-day moving average price is $17.88 and its two-hundred day moving average price is $17.62.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.
Host Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s payout ratio is 77.67%.
Host Hotels & Resorts 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.
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