Intech Investment Management LLC Sells 32,215 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Intech Investment Management LLC trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 43.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,535 shares of the company's stock after selling 32,215 shares during the period. Intech Investment Management LLC's holdings in Host Hotels & Resorts were worth $745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of HST. State Street Corp raised its holdings in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company's stock valued at $912,056,000 after purchasing an additional 950,431 shares during the last quarter. Geode Capital Management LLC grew its position in Host Hotels & Resorts by 1.0% in the 3rd 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. boosted its stake in shares of Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock worth $278,554,000 after buying an additional 2,261,877 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Host Hotels & Resorts by 0.7% in the fourth 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 increased its position in shares of Host Hotels & Resorts by 537.4% during 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 last quarter. Institutional investors own 98.52% of the company's stock.

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Analysts Set New Price Targets

Several research firms have weighed in on HST. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial lowered their price target 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. Raymond James decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley upgraded Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Finally, Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $19.54.

Host Hotels & Resorts Price Performance

HST traded up $0.01 during trading hours on Wednesday, hitting $14.81. The company's stock had a trading volume of 8,612,506 shares, compared to its average volume of 7,108,111. Host Hotels & Resorts, Inc. has a 12 month low of $14.25 and a 12 month high of $20.85. 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 business's 50-day moving average price is $16.18 and its 200-day moving average price is $17.26. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 14.96 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced 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. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

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.