DekaBank Deutsche Girozentrale Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

DekaBank Deutsche Girozentrale lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 586,260 shares of the company's stock after selling 51,716 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.08% of Host Hotels & Resorts worth $10,336,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Forsta AP Fonden grew its position in Host Hotels & Resorts by 5.5% during the 3rd quarter. Forsta AP Fonden now owns 468,200 shares of the company's stock worth $8,240,000 after purchasing an additional 24,400 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Host Hotels & Resorts by 21.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,218 shares of the company's stock valued at $1,563,000 after buying an additional 15,517 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of Host Hotels & Resorts by 3.4% in the third quarter. Tectonic Advisors LLC now owns 66,220 shares of the company's stock valued at $1,165,000 after purchasing an additional 2,182 shares during the period. Impact Partnership Wealth LLC increased its stake in Host Hotels & Resorts by 11.5% during the 3rd quarter. Impact Partnership Wealth LLC now owns 26,413 shares of the company's stock worth $465,000 after buying an additional 2,717 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in Host Hotels & Resorts by 1,549.8% in the 3rd quarter. International Assets Investment Management LLC now owns 13,693 shares of the company's stock valued at $2,410,000 after purchasing an additional 12,863 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Compass Point raised shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Oppenheimer cut their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating for the company in a report on Monday, August 12th. Robert W. Baird lowered their price objective 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. Evercore ISI cut their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.29.

Host Hotels & Resorts Trading Down 2.9 %

NASDAQ:HST traded down $0.51 during trading hours on Thursday, reaching $17.24. 6,286,897 shares of the stock were exchanged, compared to its average volume of 6,672,358. Host Hotels & Resorts, Inc. has a twelve month low of $15.18 and a twelve month high of $21.31. The business has a 50-day moving average of $17.62 and a two-hundred day moving average of $17.81. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.58 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is 74.77%.

Host Hotels & Resorts Profile

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.