Duff & Phelps Investment Management Co. Sells 76,277 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Duff & Phelps Investment Management Co. reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,688,017 shares of the company's stock after selling 76,277 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.38% of Host Hotels & Resorts worth $47,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $1,800,000. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at about $807,878,000. Caisse Des Depots ET Consignations acquired a new stake in Host Hotels & Resorts during the fourth quarter valued at $2,957,000. NEOS Investment Management LLC increased its stake in shares of Host Hotels & Resorts by 31.3% in the 4th quarter. NEOS Investment Management LLC now owns 41,724 shares of the company's stock valued at $731,000 after purchasing an additional 9,954 shares in the last quarter. Finally, UniSuper Management Pty Ltd lifted its position in shares of Host Hotels & Resorts by 5.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 308,982 shares of the company's stock valued at $5,413,000 after buying an additional 15,600 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HST shares. UBS Group decreased their target price 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. Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Wells Fargo & Company cut their target price 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of "Hold" and a consensus price target of $19.54.

Remove Ads

Host Hotels & Resorts Trading Up 1.4 %

HST stock traded up $0.21 during midday trading on Tuesday, hitting $14.42. 3,176,356 shares of the company's stock were exchanged, compared to its average volume of 7,421,151. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a one year low of $13.83 and a one year high of $20.85. The stock's fifty day moving average price is $16.01 and its 200-day moving average price is $17.21. The company has a market cap of $10.08 billion, a PE ratio of 14.55 and a beta of 1.30.

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

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.55%. Host Hotels & Resorts's dividend payout ratio is presently 80.81%.

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.