Groupama Asset Managment Sells 103,378 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Groupama Asset Managment decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 85.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,400 shares of the company's stock after selling 103,378 shares during the period. Groupama Asset Managment's holdings in Host Hotels & Resorts were worth $309,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HST. Cerity Partners LLC lifted its stake in shares of Host Hotels & Resorts by 23.0% in the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company's stock worth $545,000 after acquiring an additional 5,778 shares during the period. Public Sector Pension Investment Board raised its holdings in Host Hotels & Resorts by 24.6% during the third quarter. Public Sector Pension Investment Board now owns 122,086 shares of the company's stock worth $2,149,000 after purchasing an additional 24,066 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in Host Hotels & Resorts by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 27,882 shares of the company's stock worth $492,000 after purchasing an additional 1,292 shares during the period. Verition Fund Management LLC boosted its stake in Host Hotels & Resorts by 123.4% during the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock valued at $1,156,000 after purchasing an additional 36,278 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its position in shares of Host Hotels & Resorts by 7.5% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 478,025 shares of the company's stock valued at $8,413,000 after purchasing an additional 33,274 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

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Host Hotels & Resorts Stock Up 12.0 %

NASDAQ:HST traded up $1.52 on Wednesday, hitting $14.22. 20,127,463 shares of the company's stock traded hands, compared to its average volume of 7,826,264. The firm has a 50-day moving average price of $15.40 and a 200-day moving average price of $16.94. 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 company has a market cap of $9.94 billion, a PE ratio of 14.36 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $20.59.

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 for the quarter, beating 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%. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal 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 given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.63%. Host Hotels & Resorts's payout ratio is 80.81%.

Analyst Ratings Changes

HST has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $16.00 to $15.00 in a research report on Friday, March 21st. UBS Group cut their target price 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. Citigroup decreased their price target 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. Finally, Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $19.17.

Host Hotels & Resorts Company 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.