PGGM Investments Sells 2,949 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

PGGM Investments reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,110,579 shares of the company’s stock after selling 2,949 shares during the quarter. PGGM Investments’ holdings in Host Hotels & Resorts were worth $54,497,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HST. State Street Corp grew its stake 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 grew its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after buying an additional 180,904 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Host Hotels & Resorts by 16.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after buying an additional 2,261,877 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Host Hotels & Resorts by 0.7% in the 4th 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 acquiring an additional 5,811,722 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $15.11 on Thursday. 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 firm has a market cap of $10.56 billion, a price-to-earnings ratio of 15.26 and a beta of 1.30. Host Hotels & Resorts, Inc. has a one year low of $15.00 and a one year high of $21.27. The stock’s 50-day moving average is $16.63 and its 200-day moving average is $17.43.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share 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 the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Equities 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 firm 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 yield of 5.29%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

Analysts Set New Price Targets

HST has been the subject of a number of analyst reports. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. UBS Group decreased their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Raymond James decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus lowered their price target 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. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $20.21.

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.