Allianz Asset Management GmbH Sells 262,407 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allianz Asset Management GmbH lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,123,876 shares of the company's stock after selling 262,407 shares during the period. Allianz Asset Management GmbH owned about 0.31% of Host Hotels & Resorts worth $30,180,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Avantax Advisory Services Inc. bought a new stake in Host Hotels & Resorts during the 4th quarter valued at approximately $181,000. Commonwealth Equity Services LLC boosted its position in Host Hotels & Resorts by 202.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 156,768 shares of the company's stock valued at $2,747,000 after acquiring an additional 104,884 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Host Hotels & Resorts during the 4th quarter valued at approximately $525,000. LPL Financial LLC boosted its position in Host Hotels & Resorts by 72.3% during the 4th quarter. LPL Financial LLC now owns 133,430 shares of the company's stock valued at $2,338,000 after acquiring an additional 55,971 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in Host Hotels & Resorts by 40.3% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,234 shares of the company's stock valued at $2,036,000 after acquiring an additional 33,400 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.96.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded up $0.12 during midday trading on Friday, hitting $16.55. 10,423,322 shares of the stock traded hands, compared to its average volume of 7,467,856. The firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $15.54. The firm has a market capitalization of $11.48 billion, a P/E ratio of 17.24 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36.

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 the consensus estimate 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 return on equity of 10.11% and a net margin of 11.66%. The company's revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.83%. Host Hotels & Resorts's payout ratio is 83.33%.

About Host Hotels & Resorts

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.