Vanguard Group Inc. Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vanguard Group Inc. lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,634,625 shares of the company’s stock after selling 213,043 shares during the quarter. Vanguard Group Inc. owned 15.97% of Host Hotels & Resorts worth $1,955,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. National Pension Service bought a new position in shares of Host Hotels & Resorts during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Host Hotels & Resorts by 94.9% during the fourth 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 last quarter. Kestra Investment Management LLC purchased a new position in shares of Host Hotels & Resorts during the fourth quarter worth approximately $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the topic of a number of analyst reports. Citigroup decreased 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 research report on Monday, March 17th. Raymond James dropped 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. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Wells Fargo & Company lowered their price objective on 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. Finally, Truist Financial cut their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Two research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $14.81 on Thursday. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $20.85. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 14.96 and a beta of 1.30. The stock’s 50 day simple moving average is $16.18 and its two-hundred day simple moving average is $17.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for 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%. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.40%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is currently 80.81%.

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.