Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 68.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 358,562 shares of the company's stock after selling 772,761 shares during the period. National Bank of Canada FI owned approximately 0.05% of Host Hotels & Resorts worth $6,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. Assenagon Asset Management S.A. lifted its stake in Host Hotels & Resorts by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company's stock valued at $357,000 after acquiring an additional 584 shares during the period. Freedom Investment Management Inc. lifted its stake in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock valued at $380,000 after acquiring an additional 625 shares during the period. D Orazio & Associates Inc. lifted its stake in Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock valued at $197,000 after acquiring an additional 648 shares during the period. Verdence Capital Advisors LLC lifted its stake in Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock valued at $296,000 after acquiring an additional 784 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company's stock valued at $1,441,000 after purchasing an additional 812 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday. StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Finally, UBS Group cut their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.39.

Host Hotels & Resorts Trading Down 1.3 %

NASDAQ HST traded down $0.24 during trading hours on Friday, reaching $18.58. The company had a trading volume of 4,514,379 shares, compared to its average volume of 6,816,772. The stock has a 50-day moving average of $17.95 and a 200 day moving average of $17.69. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $12.99 billion, a P/E ratio of 18.11 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.41 EPS. The company's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.31%. Host Hotels & Resorts's dividend payout ratio is presently 77.67%.

Host Hotels & Resorts Company 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.