Cornercap Investment Counsel Inc. Sells 37,926 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cornercap Investment Counsel Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 48.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,645 shares of the company's stock after selling 37,926 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Host Hotels & Resorts were worth $698,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its position in shares of Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company's stock worth $357,000 after acquiring an additional 584 shares during the period. Covestor Ltd lifted its position in shares of Host Hotels & Resorts by 16.1% in the 1st quarter. Covestor Ltd now owns 4,460 shares of the company's stock worth $92,000 after acquiring an additional 618 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Host Hotels & Resorts by 6.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock worth $197,000 after acquiring an additional 648 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of Host Hotels & Resorts by 4.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock worth $296,000 after acquiring an additional 784 shares during the period. Finally, Quadrature Capital Ltd lifted its position in shares of Host Hotels & Resorts by 3.0% in the 1st quarter. Quadrature Capital Ltd now owns 27,490 shares of the company's stock worth $568,000 after acquiring an additional 790 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 1.1 %

Shares of NASDAQ HST traded down $0.20 during midday trading on Friday, hitting $17.26. The stock had a trading volume of 12,826,627 shares, compared to its average volume of 6,835,031. The company's 50-day simple moving average is $17.72 and its 200 day simple moving average is $17.71. The firm has a market cap of $12.07 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. Host Hotels & Resorts's dividend payout ratio is currently 77.67%.

Analyst Upgrades and Downgrades

HST has been the subject of a number of research reports. Compass Point upgraded Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Wells Fargo & Company dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, September 13th. UBS Group dropped their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Friday. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.21.

Host Hotels & Resorts Company 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.