Rhumbline Advisers Decreases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rhumbline Advisers lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,376,357 shares of the company's stock after selling 20,887 shares during the quarter. Rhumbline Advisers owned about 0.20% of Host Hotels & Resorts worth $24,114,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. MassMutual Private Wealth & Trust FSB raised its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Eastern Bank purchased a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $45,000. Farther Finance Advisors LLC raised its stake in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock valued at $50,000 after purchasing an additional 867 shares in the last quarter. Signaturefd LLC raised its stake in Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company's stock valued at $63,000 after purchasing an additional 1,198 shares in the last quarter. Finally, CENTRAL TRUST Co raised its stake in Host Hotels & Resorts by 126,025.0% in the fourth quarter. CENTRAL TRUST Co now owns 5,045 shares of the company's stock valued at $88,000 after purchasing an additional 5,041 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of HST traded down $0.42 during mid-day trading on Friday, reaching $16.34. The stock had a trading volume of 17,225,811 shares, compared to its average volume of 8,723,478. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 16.51 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The business has a fifty day moving average of $17.18 and a 200 day moving average of $17.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Analyst Upgrades and Downgrades

Several research firms have commented on HST. StockNews.com downgraded shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday. UBS Group decreased their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Raymond James cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.54.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.