Commerce Bank Sells 952 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commerce Bank lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,497 shares of the company’s stock after selling 952 shares during the period. Commerce Bank’s holdings in Host Hotels & Resorts were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in Host Hotels & Resorts in the second quarter worth about $30,000. Farther Finance Advisors LLC boosted its position in Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after acquiring an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $51,000. Finally, Family Firm Inc. purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of several recent research reports. Stifel Nicolaus reduced their price target 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. Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Evercore ISI decreased their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Oppenheimer lowered their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Price Performance

HST stock opened at $18.31 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The company’s fifty day moving average price is $17.82 and its 200-day moving average price is $17.66. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The company has a market capitalization of $12.80 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.