Keybank National Association OH Sells 25,177 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Keybank National Association OH decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,970 shares of the company’s stock after selling 25,177 shares during the period. Keybank National Association OH’s holdings in Host Hotels & Resorts were worth $1,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. National Pension Service bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its position in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $45,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on HST. 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 research report on Friday, November 22nd. Wells Fargo & Company dropped their target price on shares of 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 shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Raymond James dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Trading Up 3.4 %

Shares of Host Hotels & Resorts stock opened at $16.33 on Friday. The company’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $17.46. The stock has a market capitalization of $11.42 billion, a PE ratio of 16.49 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1-year low of $15.65 and a 1-year high of $21.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. Host Hotels & Resorts’s payout ratio is 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.