Forvis Mazars Wealth Advisors LLC Has $1.33 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Forvis Mazars Wealth Advisors LLC lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 55.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,896 shares of the company’s stock after selling 94,103 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Host Hotels & Resorts were worth $1,330,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised 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 valued at $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter worth $40,000. Eastern Bank bought a new position in shares of Host Hotels & Resorts during the fourth quarter worth $45,000. Farther Finance Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $57,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.34 on Monday. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 16.51 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. The business has a 50-day moving average of $17.18 and a 200-day moving average of $17.49.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 4.90%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Analysts Set New Price Targets

Several research analysts have weighed in on HST shares. UBS Group reduced their target price 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. Wells Fargo & Company cut 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. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Raymond James cut their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $20.54.

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.