Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,059,479 shares of the company's stock after selling 28,677 shares during the period. CANADA LIFE ASSURANCE Co owned 0.29% of Host Hotels & Resorts worth $36,044,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter worth about $375,000. Avanza Fonder AB purchased a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $1,457,000. Vert Asset Management LLC grew its stake in Host Hotels & Resorts by 9.4% during the fourth quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock worth $5,421,000 after buying an additional 26,678 shares during the period. IFP Advisors Inc increased its position in shares of Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after acquiring an additional 2,493 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock valued at $98,305,000 after acquiring an additional 3,412,589 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded up $0.15 during trading hours on Thursday, reaching $13.92. 2,026,601 shares of the stock were exchanged, compared to its average volume of 7,953,890. The stock has a market capitalization of $9.65 billion, a P/E ratio of 14.07 and a beta of 1.26. The firm has a 50 day simple moving average of $14.83 and a 200-day simple moving average of $16.66. 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 52 week low of $12.22 and a 52 week high of $19.87.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.75%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HST. Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Citigroup decreased their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Truist Financial reduced their price target on 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. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, UBS Group dropped their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $19.10.

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.