Natixis Advisors LLC Lowers Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Natixis Advisors LLC trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 410,452 shares of the company’s stock after selling 12,703 shares during the period. Natixis Advisors LLC owned about 0.06% of Host Hotels & Resorts worth $7,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management lifted its position in shares of Host Hotels & Resorts by 12.3% in the 2nd quarter. Ritholtz Wealth Management now owns 92,459 shares of the company’s stock worth $1,662,000 after purchasing an additional 10,129 shares during the period. Summit Financial LLC purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $212,000. Nilsine Partners LLC lifted its position in shares of Host Hotels & Resorts by 6.1% in the 2nd quarter. Nilsine Partners LLC now owns 48,241 shares of the company’s stock worth $867,000 after purchasing an additional 2,776 shares during the period. Van ECK Associates Corp lifted its position in shares of Host Hotels & Resorts by 20.0% in the 2nd quarter. Van ECK Associates Corp now owns 121,369 shares of the company’s stock worth $2,182,000 after purchasing an additional 20,255 shares during the period. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $291,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $16.73 on Friday. The firm’s fifty day moving average is $17.24 and its two-hundred day moving average is $18.58. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 16.40, 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, Inc. has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.78%. Host Hotels & Resorts’s payout ratio is 78.43%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HST. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Evercore ISI reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Barclays reduced their price objective on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Oppenheimer reduced their price objective 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. Finally, Robert W. Baird reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.31.

About Host Hotels & Resorts

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.