Mediolanum International Funds Ltd Sells 56,318 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mediolanum International Funds Ltd lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 19.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,336 shares of the company's stock after selling 56,318 shares during the quarter. Mediolanum International Funds Ltd's holdings in Host Hotels & Resorts were worth $4,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Host Hotels & Resorts by 39.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 649,672 shares of the company's stock worth $13,435,000 after buying an additional 184,369 shares in the last quarter. Norden Group LLC acquired a new position in Host Hotels & Resorts during the first quarter worth about $616,000. Legacy Wealth Asset Management LLC boosted its stake in shares of Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company's stock valued at $326,000 after purchasing an additional 579 shares in the last quarter. Leeward Investments LLC MA boosted its stake in shares of Host Hotels & Resorts by 4.9% in the 1st quarter. Leeward Investments LLC MA now owns 330,403 shares of the company's stock valued at $6,833,000 after purchasing an additional 15,331 shares in the last quarter. Finally, FORVIS Wealth Advisors LLC increased its position in Host Hotels & Resorts by 3.5% during the 1st quarter. FORVIS Wealth Advisors LLC now owns 166,417 shares of the company's stock worth $3,442,000 after purchasing an additional 5,570 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HST. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Robert W. Baird cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a research note on Monday, August 5th. Finally, Evercore ISI reduced their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, August 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $21.29.

Host Hotels & Resorts Trading Down 0.5 %

Shares of HST traded down $0.08 during trading hours on Friday, hitting $17.58. 3,273,847 shares of the stock were exchanged, compared to its average volume of 6,721,669. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The business has a 50-day moving average of $17.56 and a 200-day moving average of $17.85. The firm has a market capitalization of $12.39 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio is 78.43%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.