Guggenheim Capital LLC Sells 101,185 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Guggenheim Capital LLC lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 45.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,963 shares of the company's stock after selling 101,185 shares during the period. Guggenheim Capital LLC's holdings in Host Hotels & Resorts were worth $2,102,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of HST. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $28,452,000. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $165,000. Mariner LLC boosted its stake in shares of Host Hotels & Resorts by 10.3% during the 4th quarter. Mariner LLC now owns 46,476 shares of the company's stock valued at $814,000 after buying an additional 4,357 shares during the period. Cohen & Steers Inc. grew its holdings in shares of Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after acquiring an additional 3,932,928 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new position in shares of Host Hotels & Resorts in the fourth quarter worth $15,450,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded up $0.18 on Thursday, hitting $13.95. The stock had a trading volume of 4,006,199 shares, compared to its average volume of 7,965,671. The firm's 50 day moving average price is $14.83 and its 200-day moving average price is $16.66. 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 twelve month low of $12.22 and a twelve month high of $19.87. The company has a market capitalization of $9.67 billion, a price-to-earnings ratio of 14.09 and a beta of 1.26.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.73%. Host Hotels & Resorts's payout ratio is 80.81%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HST. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Raymond James decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Truist Financial decreased their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $19.10.

Host Hotels & Resorts 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.