Bank of Montreal Can Cuts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Bank of Montreal Can reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 741,276 shares of the company’s stock after selling 8,726 shares during the period. Bank of Montreal Can’s holdings in Host Hotels & Resorts were worth $12,987,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. National Pension Service acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp increased its stake 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 worth $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Host Hotels & Resorts by 94.9% in 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 purchased a new position in Host Hotels & Resorts in the fourth quarter worth approximately $40,000. Finally, Eastern Bank acquired a new position in Host Hotels & Resorts during the 4th quarter worth approximately $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HST. UBS Group reduced their price objective 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. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Raymond James lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.17.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $13.71 on Friday. The company’s 50 day simple moving average is $15.28 and its 200-day simple moving average is $16.88. The firm has a market cap of $9.58 billion, a PE ratio of 13.85 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $20.33. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 5.84%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is presently 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.