Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,048,090 shares of the company’s stock after selling 180,346 shares during the quarter. Principal Financial Group Inc. owned 0.29% of Host Hotels & Resorts worth $36,046,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter worth $30,000. Farther Finance Advisors LLC boosted its position in shares of Host Hotels & Resorts by 44.5% in the 3rd 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 during the period. Signaturefd LLC increased its stake in Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after purchasing an additional 1,198 shares in the last quarter. Mendota Financial Group LLC raised its holdings 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 worth $70,000 after buying an additional 842 shares during the period. Finally, Maryland Capital Advisors Inc. purchased a new stake in Host Hotels & Resorts during the third quarter valued at about $90,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST stock opened at $18.07 on Tuesday. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 17.54 and a beta of 1.32. The firm has a 50 day moving average of $18.03 and a two-hundred day moving average of $17.70. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted 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 for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.43%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group reduced their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, Truist Financial reduced their price objective 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. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.39.

Host Hotels & Resorts Company 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.