Bank of America Corp DE Has $127.50 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Bank of America Corp DE reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 47.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,277,622 shares of the company's stock after selling 6,645,431 shares during the period. Bank of America Corp DE owned about 1.04% of Host Hotels & Resorts worth $127,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank bought a new position in Host Hotels & Resorts in the fourth quarter valued at about $807,878,000. Invesco Ltd. increased its position in shares of Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after buying an additional 4,460,468 shares in the last quarter. Northern Trust Corp raised its position in shares of Host Hotels & Resorts by 43.3% during the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after purchasing an additional 4,158,219 shares during the period. Cohen & Steers Inc. lifted its stake in Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after buying an additional 3,932,928 shares in the last quarter. Finally, KBC Group NV lifted its position in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company's stock valued at $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Wells Fargo & Company lowered their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, Raymond James cut their price objective on shares of 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. Two investment 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.com, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $14.82 on Friday. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 14.97 and a beta of 1.29. The company has a 50-day simple moving average of $14.36 and a two-hundred day simple moving average of $16.37. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.40%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 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.

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