Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 8.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,674 shares of the company’s stock after selling 11,207 shares during the period. Commonwealth Equity Services LLC’s holdings in Host Hotels & Resorts were worth $1,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of Michigan Retirement System increased its holdings in shares of Host Hotels & Resorts by 0.3% in the third quarter. State of Michigan Retirement System now owns 193,529 shares of the company’s stock valued at $3,073,000 after purchasing an additional 600 shares during the period. United Capital Financial Advisers LLC raised its position in Host Hotels & Resorts by 3.2% during the 2nd quarter. United Capital Financial Advisers LLC now owns 20,085 shares of the company’s stock worth $315,000 after buying an additional 615 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of Host Hotels & Resorts by 1.8% in the 2nd quarter. Virtu Financial LLC now owns 39,944 shares of the company’s stock worth $626,000 after acquiring an additional 721 shares during the period. Prudential PLC lifted its stake in shares of Host Hotels & Resorts by 4.5% in the 2nd quarter. Prudential PLC now owns 16,794 shares of the company’s stock worth $263,000 after acquiring an additional 730 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Host Hotels & Resorts by 28.9% in the third quarter. UMB Bank n.a. now owns 3,655 shares of the company’s stock valued at $58,000 after acquiring an additional 819 shares in the last quarter. 97.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HST has been the subject of several analyst reports. Citigroup cut their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, March 3rd. Morgan Stanley cut their target price on Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 18th. Finally, Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $22.00 to $21.00 in a research note on Thursday, February 16th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.73.

Host Hotels & Resorts Stock Down 0.8 %

Host Hotels & Resorts stock opened at $15.77 on Tuesday. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 17.92 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.16 and a current ratio of 3.16. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $21.63. The stock’s fifty day moving average is $17.43 and its two-hundred day moving average is $17.41.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last issued its quarterly earnings data on Wednesday, February 15th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.23). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. Host Hotels & Resorts had a net margin of 12.90% and a return on equity of 9.43%. Host Hotels & Resorts’s revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts predict that Host Hotels & Resorts, Inc. will post 1.74 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, March 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.04%. Host Hotels & Resorts’s dividend payout ratio is currently 54.55%.

Host Hotels & Resorts Profile

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.