Vestcor Inc Has $289,000 Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vestcor Inc lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 93.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,517 shares of the company's stock after selling 250,964 shares during the period. Vestcor Inc's holdings in Host Hotels & Resorts were worth $289,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 valued at $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. increased its position 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 valued at $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. KBC Group NV raised its stake in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after acquiring an additional 3,412,589 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Host Hotels & Resorts by 92.9% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company's stock worth $48,652,000 after purchasing an additional 1,331,407 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $17,586,000. 98.52% of the stock is owned by institutional investors and hedge funds.

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Host Hotels & Resorts Stock Down 1.8 %

HST traded down $0.27 during trading on Friday, hitting $14.69. The company had a trading volume of 19,638,880 shares, compared to its average volume of 7,089,999. The firm's 50-day moving average price is $16.37 and its 200 day moving average price is $17.32. The company has a market capitalization of $10.27 billion, a PE ratio of 14.84 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a one year low of $14.30 and a one year 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, topping 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 company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.37 billion. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Truist Financial reduced their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday. Stifel Nicolaus cut their price target 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. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Finally, UBS Group reduced their target price 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. Two research analysts have rated the stock with a sell rating, five 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 target price of $19.54.

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.