Applied Finance Capital Management LLC Sells 2,078,061 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Applied Finance Capital Management LLC reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 99.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,196 shares of the company's stock after selling 2,078,061 shares during the quarter. Applied Finance Capital Management LLC's holdings in Host Hotels & Resorts were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its position in Host Hotels & Resorts by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 27,882 shares of the company's stock worth $492,000 after purchasing an additional 1,292 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Host Hotels & Resorts during the 3rd quarter worth about $540,000. Quantinno Capital Management LP boosted its position in shares of Host Hotels & Resorts by 2.0% during the 3rd quarter. Quantinno Capital Management LP now owns 55,818 shares of the company's stock valued at $982,000 after acquiring an additional 1,121 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Host Hotels & Resorts by 92.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 36,344 shares of the company's stock valued at $640,000 after acquiring an additional 17,436 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its stake in Host Hotels & Resorts by 60.8% in the third quarter. iA Global Asset Management Inc. now owns 62,516 shares of the company's stock valued at $1,100,000 after acquiring an additional 23,637 shares during the period. 98.52% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HST shares. UBS Group decreased their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Raymond James decreased their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their target price for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Finally, Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $19.17.

Host Hotels & Resorts Trading Down 1.3 %

Shares of Host Hotels & Resorts stock traded down $0.18 during trading on Monday, reaching $13.53. 2,588,854 shares of the company were exchanged, compared to its average volume of 7,897,000. The business has a 50-day moving average price of $15.28 and a 200-day moving average price of $16.87. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 13.67 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $20.22.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.91%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.