Amalgamated Bank Sells 65,927 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Amalgamated Bank lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 32.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,734 shares of the company's stock after selling 65,927 shares during the quarter. Amalgamated Bank's holdings in Host Hotels & Resorts were worth $2,424,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HST. Bessemer Group Inc. boosted its stake in Host Hotels & Resorts by 645.5% in the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company's stock worth $1,331,000 after purchasing an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Host Hotels & Resorts by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company's stock worth $39,037,000 after purchasing an additional 84,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Host Hotels & Resorts by 9.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company's stock worth $13,344,000 after purchasing an additional 55,654 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Host Hotels & Resorts by 23.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company's stock worth $4,224,000 after purchasing an additional 39,340 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Host Hotels & Resorts by 854.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company's stock worth $5,750,000 after purchasing an additional 286,281 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Robert W. Baird decreased 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. Stifel Nicolaus decreased their target price on shares of 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. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Truist Financial decreased their target price on shares of 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. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $21.29.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded up $0.13 during mid-day trading on Tuesday, reaching $18.19. 2,621,831 shares of the company were exchanged, compared to its average volume of 6,776,570. The company's 50-day simple moving average is $17.66 and its 200-day simple moving average is $17.73. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $12.78 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.64 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share 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 quarter last year, the firm earned $0.41 EPS. Host Hotels & Resorts's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.93 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts's payout ratio is presently 77.67%.

Host Hotels & Resorts 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.