Everence Capital Management Inc. Has $411,000 Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Everence Capital Management Inc. reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 73.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,450 shares of the company's stock after selling 63,900 shares during the quarter. Everence Capital Management Inc.'s holdings in Host Hotels & Resorts were worth $411,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Freedom Investment Management Inc. grew its position in Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock worth $380,000 after purchasing an additional 625 shares during the last quarter. D Orazio & Associates Inc. grew its position in Host Hotels & Resorts by 6.3% during the second quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock worth $197,000 after buying an additional 648 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in Host Hotels & Resorts by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock valued at $296,000 after acquiring an additional 784 shares during the period. Inspire Investing LLC raised its holdings in Host Hotels & Resorts by 1.0% in the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company's stock valued at $1,441,000 after acquiring an additional 812 shares in the last quarter. Finally, Mendota Financial Group LLC lifted its position in shares of Host Hotels & Resorts by 27.1% in the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company's stock worth $70,000 after acquiring an additional 842 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

NASDAQ HST traded down $0.17 during trading hours on Monday, reaching $17.28. 6,391,643 shares of the company's stock were exchanged, compared to its average volume of 6,354,878. The firm has a fifty day moving average of $18.04 and a 200-day moving average of $17.68. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The stock has a market cap of $12.08 billion, a PE ratio of 16.78 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 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 Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Tuesday, December 31st. Host Hotels & Resorts's dividend payout ratio is currently 77.67%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Compass Point upgraded Host Hotels & Resorts from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a research note on Friday, November 22nd. UBS Group decreased their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, November 15th. Finally, Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $21.19.

About Host Hotels & Resorts

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.