Duff & Phelps Investment Management Co. Sells 76,277 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Duff & Phelps Investment Management Co. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,688,017 shares of the company’s stock after selling 76,277 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.38% of Host Hotels & Resorts worth $47,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Host Hotels & Resorts in the 4th quarter valued at $807,878,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Host Hotels & Resorts by 537.4% during 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 worth $121,318,000 after buying an additional 5,811,722 shares during the last quarter. KBC Group NV lifted its holdings in Host Hotels & Resorts by 155.2% during the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after purchasing an additional 3,412,589 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Host Hotels & Resorts by 16.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock valued at $278,554,000 after acquiring an additional 2,261,877 shares during the period. Finally, Prudential Financial Inc. increased its position in Host Hotels & Resorts by 75.0% during the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock worth $58,590,000 after purchasing an additional 1,432,772 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 1.9 %

NASDAQ:HST opened at $14.53 on Friday. Host Hotels & Resorts, Inc. has a one year low of $14.25 and a one year high of $20.85. 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 capitalization of $10.16 billion, a P/E ratio of 14.68 and a beta of 1.30. The company’s 50-day simple moving average is $16.13 and its 200 day simple moving average is $17.24.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.51%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial dropped 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. Wells Fargo & Company decreased their price target 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. Compass Point lowered shares of 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. Citigroup cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.54.

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.