Andra AP fonden Lowers Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Andra AP fonden decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 93.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 83,461 shares of the company’s stock after selling 1,170,839 shares during the period. Andra AP fonden’s holdings in Host Hotels & Resorts were worth $1,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Host Hotels & Resorts by 1.9% in the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after buying an additional 950,431 shares during the period. Geode Capital Management LLC grew its holdings in Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after buying an additional 180,904 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after purchasing an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 69,198 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 purchasing an additional 5,811,722 shares in the last quarter. 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 several research analyst reports. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company reduced 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. Finally, UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $16.33 on Monday. The stock’s 50 day moving average price is $16.76 and its 200 day moving average price is $17.47. The firm has a market capitalization of $11.42 billion, a PE ratio of 16.49 and a beta of 1.30. 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, Inc. has a one year low of $15.65 and a one year high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.37 billion. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS 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. Shareholders 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 dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, March 31st. 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.