Korea Investment CORP Lowers Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Korea Investment CORP trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 22.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 825,553 shares of the company's stock after selling 232,317 shares during the quarter. Korea Investment CORP owned 0.12% of Host Hotels & Resorts worth $14,464,000 at the end of the most recent quarter.

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

Host Hotels & Resorts Stock Performance

HST stock traded down $0.16 on Friday, hitting $13.14. The company's stock had a trading volume of 25,454,642 shares, compared to its average volume of 7,613,652. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 13.27 and a beta of 1.26. The firm has a 50 day moving average of $15.75 and a two-hundred day moving average of $17.12. 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 1 year low of $12.30 and a 1 year high of $20.73.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its 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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.

Analyst Ratings Changes

HST has been the topic of several analyst reports. Raymond James reduced their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Compass Point cut 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 research report on Monday, March 10th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $19.54.

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.