OVERSEA CHINESE BANKING Corp Ltd Decreases Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

OVERSEA CHINESE BANKING Corp Ltd decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 40.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,621 shares of the company's stock after selling 115,005 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Host Hotels & Resorts were worth $2,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Host Hotels & Resorts by 645.5% during the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company's stock valued at $1,331,000 after buying an additional 55,775 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Host Hotels & Resorts by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company's stock worth $39,037,000 after acquiring an additional 84,687 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company's stock valued at $13,344,000 after purchasing an additional 55,654 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company's stock valued at $4,224,000 after purchasing an additional 39,340 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company's stock worth $5,750,000 after purchasing an additional 286,281 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded up $0.01 during midday trading on Wednesday, hitting $18.00. 5,505,207 shares of the company's stock were exchanged, compared to its average volume of 6,794,040. The company has a market cap of $12.58 billion, a P/E ratio of 17.64, a PEG ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90. The stock has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $17.72. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 77.67%.

Wall Street Analyst Weigh In

HST has been the subject of several analyst reports. Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating on the stock in a report on Monday, August 5th. Evercore ISI reduced their price objective 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. JPMorgan Chase & Co. cut Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and lowered their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.29.

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.