AQR Capital Management LLC Sells 112,676 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

AQR Capital Management LLC lessened its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 28.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 289,591 shares of the company's stock after selling 112,676 shares during the period. AQR Capital Management LLC's holdings in Host Hotels & Resorts were worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its stake in Host Hotels & Resorts by 202.6% in the 4th 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 lifted its stake in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $45,000. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group decreased 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 research report on Tuesday, January 28th. Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Morgan Stanley decreased their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Stock Down 1.0%

Shares of HST traded down $0.16 during trading hours on Wednesday, reaching $15.61. 2,785,187 shares of the stock traded hands, compared to its average volume of 8,092,469. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $14.36 and a 200 day simple moving average of $16.35. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 15.76 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm earned $0.60 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.13%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

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.