Alliancebernstein L.P. Sells 48,532 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Alliancebernstein L.P. reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 895,866 shares of the company's stock after selling 48,532 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Host Hotels & Resorts worth $15,696,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. National Pension Service purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at $26,000. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after buying an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter valued at about $40,000. Finally, Eastern Bank acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter worth approximately $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on HST shares. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Truist Financial cut their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target of $19.17.

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Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.10 during midday trading on Monday, reaching $13.61. 1,015,467 shares of the stock traded hands, compared to its average volume of 7,889,115. The firm has a market cap of $9.52 billion, a price-to-earnings ratio of 13.75 and a beta of 1.26. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average price of $15.28 and a two-hundred day moving average price of $16.87. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $20.22.

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 (EPS) for the quarter, topping the consensus estimate 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 forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 5.88%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 80.81%.

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.