Skandinaviska Enskilda Banken AB publ Decreases Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,936,525 shares of the company's stock after selling 1,070,319 shares during the quarter. Host Hotels & Resorts accounts for 0.6% of Skandinaviska Enskilda Banken AB publ's holdings, making the stock its 28th biggest holding. Skandinaviska Enskilda Banken AB publ owned approximately 1.14% of Host Hotels & Resorts worth $141,111,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock worth $10,668,000 after purchasing an additional 113,761 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Host Hotels & Resorts by 123.4% in the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock valued at $1,156,000 after purchasing an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Host Hotels & Resorts in the 3rd quarter valued at about $540,000. LMR Partners LLP acquired a new position in Host Hotels & Resorts in the 3rd quarter valued at about $4,775,000. Finally, Aigen Investment Management LP acquired a new position in Host Hotels & Resorts during the 3rd quarter worth approximately $639,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

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Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded up $0.39 during midday trading on Monday, reaching $15.30. 6,877,695 shares of the company traded hands, compared to its average volume of 6,997,206. The business has a 50 day moving average of $16.52 and a two-hundred day moving average of $17.39. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 15.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 12 month low of $14.47 and a 12 month high of $21.27.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.23%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HST shares. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. UBS Group reduced their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Stifel Nicolaus lowered their target price on 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. Citigroup reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Monday. Finally, Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of "Hold" and a consensus price target of $20.12.

Host Hotels & Resorts Profile

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.