Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 28.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 466,524 shares of the company's stock after selling 183,389 shares during the quarter. Franklin Resources Inc. owned about 0.07% of Host Hotels & Resorts worth $8,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its stake in shares of Host Hotels & Resorts by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company's stock worth $357,000 after buying an additional 584 shares during the period. Freedom Investment Management Inc. grew its stake in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock valued at $380,000 after purchasing an additional 625 shares during the last quarter. D Orazio & Associates Inc. raised its stake in shares of Host Hotels & Resorts by 6.3% in the second quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock worth $197,000 after purchasing an additional 648 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Host Hotels & Resorts by 4.9% in the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock valued at $296,000 after buying an additional 784 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in Host Hotels & Resorts by 1.0% during 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 during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.13 on Monday, hitting $18.07. 4,285,953 shares of the company were exchanged, compared to its average volume of 6,885,048. The company has a 50-day moving average price of $18.03 and a 200 day moving average price of $17.70. The stock has a market capitalization of $12.63 billion, a price-to-earnings ratio of 17.54 and a beta of 1.32. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.43%. Host Hotels & Resorts's payout ratio is 77.67%.

Analyst Ratings Changes

HST has been the subject of a number of research reports. UBS Group decreased their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an "overweight" rating in a report on Monday, December 9th. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.39.

Host Hotels & Resorts 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.