Host Hotels & Resorts, Inc. (NASDAQ:HST) Stake Lessened by Keybank National Association OH

Keybank National Association OH reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,970 shares of the company's stock after selling 25,177 shares during the period. Keybank National Association OH's holdings in Host Hotels & Resorts were worth $1,226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HST. The Manufacturers Life Insurance Company boosted its position in Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock valued at $10,668,000 after buying an additional 113,761 shares during the period. Verition Fund Management LLC boosted its holdings in Host Hotels & Resorts by 123.4% in the third 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 during the period. Jacobs Levy Equity Management Inc. purchased a new position in Host Hotels & Resorts in the third quarter valued at $540,000. LMR Partners LLP acquired a new position in Host Hotels & Resorts during the 3rd quarter worth $4,775,000. Finally, Aigen Investment Management LP purchased a new stake in Host Hotels & Resorts during the 3rd quarter worth about $639,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded down $0.56 during trading hours on Tuesday, hitting $15.34. 11,097,677 shares of the company were exchanged, compared to its average volume of 6,959,772. 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 has a 50-day moving average of $16.72 and a 200-day moving average of $17.46. Host Hotels & Resorts, Inc. has a 1 year low of $15.27 and a 1 year high of $21.27. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 15.49 and a beta of 1.30.

Remove Ads

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

Host Hotels & Resorts Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.22%. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.

Analyst Upgrades and Downgrades

HST has been the subject of a number of analyst reports. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company dropped their price objective 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. 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. StockNews.com downgraded shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Finally, UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $20.21.

Host Hotels & Resorts 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.