Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Pitcairn Co.

Pitcairn Co. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 31.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,800 shares of the company’s stock after selling 9,868 shares during the quarter. Pitcairn Co.’s holdings in Host Hotels & Resorts were worth $384,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock worth $5,750,000 after buying an additional 286,281 shares in the last quarter. Swedbank AB purchased a new position in Host Hotels & Resorts in the 1st quarter worth approximately $15,509,000. PGGM Investments boosted its holdings in shares of Host Hotels & Resorts by 2.0% during the 2nd quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock worth $55,981,000 after purchasing an additional 59,772 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Host Hotels & Resorts by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after purchasing an additional 32,586 shares in the last quarter. Finally, Achmea Investment Management B.V. lifted its position in Host Hotels & Resorts by 15.6% during the second quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock worth $4,651,000 after buying an additional 34,977 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on HST. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Evercore ISI decreased their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. UBS Group cut their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, Stifel Nicolaus lowered their price objective on 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.32.

Host Hotels & Resorts Price Performance

HST opened at $18.31 on Wednesday. The stock’s 50-day moving average price is $17.82 and its 200 day moving average price is $17.66. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.65 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

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

About Host Hotels & Resorts

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.