Bessemer Group Inc. Has $117,000 Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Bessemer Group Inc. lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 87.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,230 shares of the company's stock after selling 58,172 shares during the quarter. Bessemer Group Inc.'s holdings in Host Hotels & Resorts were worth $117,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. Norges Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $807,878,000. Deutsche Bank AG raised its position in Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after buying an additional 6,326,709 shares during the last quarter. Rush Island Management LP acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $99,402,000. Invesco Ltd. raised its position in 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 during the last quarter. Finally, Northern Trust Corp raised its position in Host Hotels & Resorts by 43.3% in the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after buying an additional 4,158,219 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded up $0.04 during trading on Friday, reaching $16.21. 5,858,876 shares of the company's stock were exchanged, compared to its average volume of 8,769,394. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $11.24 billion, a PE ratio of 16.88 and a beta of 1.31. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. The firm's fifty day moving average price is $15.35 and its 200-day moving average price is $15.67.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The firm's revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate 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 will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is 83.33%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on HST shares. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. 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. Finally, Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of "Hold" and an average target price of $17.96.

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.