Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 356,826 shares of the company’s stock after selling 5,743 shares during the period. Royal London Asset Management Ltd.’s holdings in Host Hotels & Resorts were worth $6,252,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in HST. National Pension Service purchased a new position in Host Hotels & Resorts during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp grew its position in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $40,000. Finally, Eastern Bank purchased a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 1.8 %

Shares of NASDAQ HST opened at $14.69 on Monday. The stock has a market capitalization of $10.27 billion, a PE ratio of 14.84 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $16.32 and a 200-day moving average of $17.31. Host Hotels & Resorts, Inc. has a 52-week low of $14.25 and a 52-week high of $20.98.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly 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. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.45%. Host Hotels & Resorts’s payout ratio is 80.81%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HST. Raymond James dropped their price target 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. Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research report on Friday. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. UBS Group lowered their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Hold” and an average price target of $19.54.

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.