Aviva PLC Sells 557,406 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Aviva PLC trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 56.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,751 shares of the company's stock after selling 557,406 shares during the period. Aviva PLC owned about 0.06% of Host Hotels & Resorts worth $7,494,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Norges Bank purchased a new position in Host Hotels & Resorts during the fourth quarter worth approximately $807,878,000. JPMorgan Chase & Co. boosted its holdings in Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after acquiring an additional 643,450 shares during the last quarter. Geode Capital Management LLC grew its position in Host Hotels & Resorts by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after acquiring an additional 350,634 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock worth $278,554,000 after purchasing an additional 2,261,877 shares during the period. Finally, Centersquare Investment Management LLC lifted its stake in shares of Host Hotels & Resorts by 12.3% in the 4th quarter. Centersquare Investment Management LLC now owns 11,052,156 shares of the company's stock valued at $193,634,000 after purchasing an additional 1,213,970 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

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Host Hotels & Resorts Stock Down 0.1 %

HST traded down $0.01 during midday trading on Monday, hitting $13.70. 1,380,289 shares of the company's stock traded hands, compared to its average volume of 7,891,378. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a market cap of $9.58 billion, a PE ratio of 13.84 and a beta of 1.26. The stock's fifty day simple moving average is $15.28 and its 200-day simple moving average is $16.87. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $20.22.

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

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.84%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, Truist Financial reduced their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $19.17.

Host Hotels & Resorts Company 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.