Adage Capital Partners GP L.L.C. Lowers Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Adage Capital Partners GP L.L.C. lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,553,133 shares of the company's stock after selling 159,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.22% of Host Hotels & Resorts worth $27,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Freedom Investment Management Inc. increased its position in shares of Host Hotels & Resorts by 2.9% in the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after acquiring an additional 622 shares during the period. Savant Capital LLC boosted its stake in shares of Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock valued at $428,000 after purchasing an additional 634 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after purchasing an additional 746 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Host Hotels & Resorts by 7.3% during the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after purchasing an additional 899 shares in the last quarter. Finally, Meridian Financial Partners LLC boosted its stake in shares of Host Hotels & Resorts by 1.3% during the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock valued at $1,364,000 after purchasing an additional 977 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.41 during mid-day trading on Thursday, hitting $14.53. 8,088,844 shares of the company traded hands, compared to its average volume of 8,022,656. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $16.53. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 14.68 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The firm's quarterly revenue was up 8.4% on a year-over-year basis. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 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, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.51%. Host Hotels & Resorts's payout ratio is 80.81%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HST. Wells Fargo & Company cut their target price on shares of 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. Truist Financial cut their target price 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, March 21st. Evercore ISI dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Monday. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.90.

Host Hotels & Resorts 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.