Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Andra AP fonden

Andra AP fonden cut its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 93.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,461 shares of the company’s stock after selling 1,170,839 shares during the quarter. Andra AP fonden’s holdings in Host Hotels & Resorts were worth $1,462,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares during the period. Geode Capital Management LLC lifted its holdings in Host Hotels & Resorts by 1.0% in the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after acquiring an additional 180,904 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Host Hotels & Resorts by 66.9% in the third 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 during the period. Charles Schwab Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company’s stock valued at $181,685,000 after acquiring an additional 69,198 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Host Hotels & Resorts by 537.4% in the third 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 acquiring an additional 5,811,722 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent analyst reports. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. UBS Group reduced their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Trading Up 3.4 %

Host Hotels & Resorts stock opened at $16.33 on Monday. The stock has a market cap of $11.42 billion, a PE ratio of 16.49 and a beta of 1.30. The stock has a 50-day moving average price of $16.76 and a 200 day moving average price of $17.47. Host Hotels & Resorts, Inc. has a 52 week low of $15.65 and a 52 week high of $21.27. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The firm 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%. Equities research 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

About Host Hotels & Resorts

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.