Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 356,826 shares of the company’s stock after selling 5,743 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.05% of Host Hotels & Resorts worth $6,252,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HST. Harvest Fund Management Co. Ltd purchased a new position in shares of Host Hotels & Resorts in the 4th quarter valued at about $149,000. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Host Hotels & Resorts by 37.1% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 229,892 shares of the company’s stock valued at $4,028,000 after purchasing an additional 62,271 shares in the last quarter. Xponance Inc. increased its stake in Host Hotels & Resorts by 130.9% in the fourth quarter. Xponance Inc. now owns 224,997 shares of the company’s stock valued at $3,942,000 after purchasing an additional 127,543 shares during the last quarter. Signaturefd LLC raised its holdings in Host Hotels & Resorts by 40.9% during the fourth quarter. Signaturefd LLC now owns 5,031 shares of the company’s stock worth $88,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in Host Hotels & Resorts by 11.6% during the fourth quarter. Cibc World Markets Corp now owns 313,810 shares of the company’s stock worth $5,498,000 after purchasing an additional 32,679 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $14.69 on Monday. Host Hotels & Resorts, Inc. has a 52 week low of $14.25 and a 52 week high of $20.98. The company has a 50-day moving average price of $16.32 and a 200 day moving average price of $17.31. The company has a market cap of $10.27 billion, a P/E 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 (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.45%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James dropped their price target on 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. UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $16.00 to $15.00 in a research report on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus 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.