Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 508,594 shares of the company's stock after selling 44,778 shares during the quarter. Pictet Asset Management Holding SA owned about 0.07% of Host Hotels & Resorts worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in shares of Host Hotels & Resorts by 23.0% during the third quarter. Cerity Partners LLC now owns 30,944 shares of the company's stock valued at $545,000 after buying an additional 5,778 shares during the period. Public Sector Pension Investment Board raised its holdings in Host Hotels & Resorts by 24.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 122,086 shares of the company's stock valued at $2,149,000 after acquiring an additional 24,066 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Host Hotels & Resorts by 4.9% during the 3rd 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 holdings in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after purchasing an additional 36,278 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its position in shares of Host Hotels & Resorts by 7.5% in the third 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. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

HST has been the topic of several recent analyst reports. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. 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. UBS Group decreased their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Citigroup dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Finally, 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 report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $19.54.

Host Hotels & Resorts Stock Down 1.7 %

NASDAQ:HST traded down $0.22 during mid-day trading on Monday, hitting $12.92. The company had a trading volume of 30,155,577 shares, compared to its average volume of 7,718,273. The business has a fifty day simple moving average of $15.66 and a 200-day simple moving average of $17.07. The firm has a market capitalization of $9.03 billion, a price-to-earnings ratio of 13.05 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $20.73. 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 (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities analysts forecast 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.19%. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

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.