Swiss National Bank Sells 107,300 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Swiss National Bank reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 5.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,984,379 shares of the company's stock after selling 107,300 shares during the quarter. Swiss National Bank owned approximately 0.28% of Host Hotels & Resorts worth $34,766,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the period. Daiwa Securities Group Inc. boosted its stake in Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company's stock worth $240,017,000 after purchasing an additional 5,466,629 shares during the period. KBC Group NV boosted its stake in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after purchasing an additional 3,412,589 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in shares of Host Hotels & Resorts by 92.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock valued at $48,652,000 after acquiring an additional 1,331,407 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $17,586,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

HST has been the topic of several recent analyst reports. Raymond James lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Monday, March 10th. Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. UBS Group decreased their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Finally, Stifel Nicolaus decreased their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.12.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.16 during trading on Thursday, hitting $14.96. 10,561,985 shares of the company's stock were exchanged, compared to its average volume of 7,047,643. 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 52-week low of $14.47 and a 52-week high of $21.27. The business's 50-day simple moving average is $16.41 and its 200 day simple moving average is $17.34. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 15.11 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released 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. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

Host Hotels & Resorts Company 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.