Bank of New York Mellon Corp Sells 70,617 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Bank of New York Mellon Corp decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,514,083 shares of the company's stock after selling 70,617 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.80% of Host Hotels & Resorts worth $78,355,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Host Hotels & Resorts by 100.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the company's stock worth $81,000 after buying an additional 2,305 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Host Hotels & Resorts in the 4th quarter valued at $430,000. Raymond James Financial Inc. acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $17,586,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Host Hotels & Resorts by 7.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 72,735 shares of the company's stock worth $1,274,000 after acquiring an additional 4,770 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HST shares. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Truist Financial lowered their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Citigroup lowered their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Host Hotels & Resorts has an average rating of "Hold" and a consensus price target of $17.96.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.06 during midday trading on Friday, reaching $16.52. The company had a trading volume of 7,982,531 shares, compared to its average volume of 8,797,503. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $15.55 and a 200 day simple moving average of $15.63. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 17.21 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. Host Hotels & Resorts's revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.60 EPS. As a group, equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 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.