Andra AP fonden Sells 1,170,839 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Andra AP fonden lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 93.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,461 shares of the company's stock after selling 1,170,839 shares during the quarter. Andra AP fonden's holdings in Host Hotels & Resorts were worth $1,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its holdings in Host Hotels & Resorts by 1.9% in the 3rd 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 period. Geode Capital Management LLC increased its stake in shares of Host Hotels & Resorts by 1.0% during the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company's stock worth $331,698,000 after purchasing an additional 180,904 shares during the period. Daiwa Securities Group Inc. lifted its holdings in 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 worth $240,017,000 after purchasing an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company's stock worth $181,685,000 after purchasing an additional 69,198 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock valued at $121,318,000 after purchasing an additional 5,811,722 shares during the period. Institutional investors own 98.52% of the company's stock.

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Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded down $0.59 during midday trading on Thursday, reaching $14.52. The company's stock had a trading volume of 10,891,995 shares, compared to its average volume of 7,014,031. The stock has a market cap of $10.15 billion, a PE ratio of 14.67 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 52 week low of $14.45 and a 52 week high of $21.27. The business has a 50-day moving average price of $16.63 and a 200-day moving average price of $17.43.

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

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HST. UBS Group dropped their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Raymond James dropped 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 research note on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $20.21.

About Host Hotels & Resorts

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.