Fulton Bank N.A. Sells 134,570 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fulton Bank N.A. reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 78.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,801 shares of the company's stock after selling 134,570 shares during the quarter. Fulton Bank N.A.'s holdings in Host Hotels & Resorts were worth $662,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company's stock valued at $912,056,000 after acquiring an additional 950,431 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company's stock valued at $331,698,000 after purchasing an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Host Hotels & Resorts by 66.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock valued at $240,017,000 after buying an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company's stock worth $181,296,000 after buying an additional 181,103 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after buying an additional 1,339,458 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective 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. Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their price target for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com downgraded Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a report on Friday, November 22nd. Finally, UBS Group decreased their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $21.04.

Host Hotels & Resorts Stock Up 0.7 %

Shares of HST stock traded up $0.12 during midday trading on Friday, reaching $17.08. 6,579,132 shares of the stock were exchanged, compared to its average volume of 6,140,872. The firm has a market cap of $11.94 billion, a PE ratio of 16.58 and a beta of 1.31. The company's 50 day moving average is $18.00 and its two-hundred day moving average is $17.66. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. 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 (NASDAQ:HST - Get Free Report) last released its 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). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The firm'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 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued 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 dividend yield of 4.68%. Host Hotels & Resorts's payout ratio is presently 77.67%.

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.