Hsbc Holdings PLC Sells 283,638 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Hsbc Holdings PLC reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,553,140 shares of the company’s stock after selling 283,638 shares during the period. Hsbc Holdings PLC owned 0.50% of Host Hotels & Resorts worth $63,786,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BROOKFIELD Corp ON purchased a new stake in shares of Host Hotels & Resorts in the first quarter worth about $25,000. Blue Trust Inc. increased its position in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares during the last quarter. Riverview Trust Co purchased a new stake in Host Hotels & Resorts in the first quarter valued at approximately $27,000. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the second quarter valued at approximately $30,000. Finally, Mather Group LLC. bought a new position in shares of Host Hotels & Resorts in the 1st quarter worth $35,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HST has been the subject of several research reports. Wells Fargo & Company cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Stifel Nicolaus dropped their price target 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 price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Finally, Evercore ISI cut their target price on 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. One investment 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, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $21.06.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $18.53 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The business has a 50-day simple moving average of $17.18 and a two-hundred day simple moving average of $18.39. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

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.