Stifel Financial Corp Sells 49,318 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Stifel Financial Corp reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,423 shares of the company's stock after selling 49,318 shares during the period. Stifel Financial Corp's holdings in Host Hotels & Resorts were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Farther Finance Advisors LLC boosted its position in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock worth $50,000 after acquiring an additional 867 shares in the last quarter. Signaturefd LLC increased 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 acquiring an additional 1,198 shares during the last quarter. Mendota Financial Group LLC raised its position in Host Hotels & Resorts by 27.1% during the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company's stock valued at $70,000 after purchasing an additional 842 shares in the last quarter. Finally, Maryland Capital Advisors Inc. bought a new stake in Host Hotels & Resorts during the third quarter worth $90,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group decreased their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday, November 15th. Compass Point upgraded Host Hotels & Resorts from a "neutral" rating to a "buy" rating and lifted their target price for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Truist Financial lowered their target price on 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. Stifel Nicolaus reduced 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, StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $21.39.

Host Hotels & Resorts Trading Down 1.6 %

Shares of Host Hotels & Resorts stock traded down $0.30 during trading on Friday, hitting $17.98. The company's stock had a trading volume of 7,022,240 shares, compared to its average volume of 6,849,494. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 17.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The stock has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $17.70.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly 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). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company 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 $0.20 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.45%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 77.67%.

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.