Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Lessened by abrdn plc

abrdn plc trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 18.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,234,799 shares of the company's stock after selling 271,501 shares during the quarter. abrdn plc owned 0.18% of Host Hotels & Resorts worth $21,615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. LSV Asset Management raised its position in shares of Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company's stock worth $165,218,000 after purchasing an additional 965,100 shares during the period. Daiwa Securities Group Inc. increased its position in Host Hotels & Resorts by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company's stock worth $146,909,000 after buying an additional 489,415 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after acquiring an additional 1,339,458 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Host Hotels & Resorts by 1.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company's stock worth $104,014,000 after purchasing an additional 63,669 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company's stock valued at $76,002,000 after purchasing an additional 1,866,661 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and increased their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and cut their price objective for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating for the company in a research note on Monday, August 12th. Finally, Evercore ISI lowered their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $21.29.

Host Hotels & Resorts Stock Performance

HST traded up $0.09 on Friday, hitting $17.33. 4,661,967 shares of the company traded hands, compared to its average volume of 6,662,876. The company has a 50 day moving average of $17.62 and a 200-day moving average of $17.79. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The stock has a market capitalization of $12.17 billion, a PE ratio of 16.20, a PEG ratio of 1.59 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 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.