Wellington Management Group LLP Has $25.46 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wellington Management Group LLP trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 92.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,453,445 shares of the company's stock after selling 19,068,554 shares during the quarter. Wellington Management Group LLP owned approximately 0.21% of Host Hotels & Resorts worth $25,464,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in HST. National Pension Service acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp raised its holdings in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Citigroup cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Raymond James cut 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. Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Truist Financial reduced their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $20.00 to $14.00 in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $19.17.

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Host Hotels & Resorts Price Performance

Shares of NASDAQ HST traded up $0.26 during mid-day trading on Friday, hitting $13.71. 12,300,960 shares of the stock were exchanged, compared to its average volume of 7,897,923. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $20.33. The stock's fifty day simple moving average is $15.28 and its two-hundred day simple moving average is $16.88. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $9.58 billion, a P/E ratio of 13.85 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.84%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is 80.81%.

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.