Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Trimmed by Deutsche Bank AG

Key Points

• Deutsche Bank AG reduced its stake in Host Hotels & Resorts, Inc. by 51.9%, owning approximately 4.69 million shares valued at $66.61 million at the end of the last quarter.
• Host Hotels & Resorts recently reported earnings of $0.58 per share for the last quarter, exceeding analyst expectations and reflecting an 8.2% year-over-year revenue increase.
• The company issued a quarterly dividend of $0.20 per share, translating to an annualized yield of 5.2% with a payout ratio of 85.11%.

Deutsche Bank AG cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 51.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 4,687,702 shares of the company's stock after selling 5,064,316 shares during the period. Deutsche Bank AG owned 0.68% of Host Hotels & Resorts worth $66,612,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Rush Island Management LP purchased a new stake in Host Hotels & Resorts during the 4th quarter worth $99,402,000. Northern Trust Corp boosted its position in Host Hotels & Resorts by 43.3% during the 4th 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. boosted its position in Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after purchasing an additional 3,932,928 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Host Hotels & Resorts by 198.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,748,185 shares of the company's stock valued at $83,190,000 after buying an additional 3,158,118 shares during the last quarter. Finally, Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Host Hotels & Resorts in the 4th quarter valued at about $28,452,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HST has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Evercore ISI upped their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus upped their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.50.

Host Hotels & Resorts Stock Performance

HST traded down $0.18 on Friday, hitting $15.81. 4,221,030 shares of the company's stock were exchanged, compared to its average volume of 9,831,572. The firm has a market cap of $10.87 billion, a PE ratio of 16.80 and a beta of 1.34. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The stock has a fifty day moving average of $15.92 and a two-hundred day moving average of $15.40. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.57 earnings per share. Host Hotels & Resorts's revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.1%. Host Hotels & Resorts's dividend payout ratio (DPR) is 85.11%.

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.