Fulton Bank N.A. Sells 17,918 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fulton Bank N.A. lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 47.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,883 shares of the company's stock after selling 17,918 shares during the period. Fulton Bank N.A.'s holdings in Host Hotels & Resorts were worth $283,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. National Pension Service bought a new position in Host Hotels & Resorts during the fourth quarter valued at about $26,000. NBC Securities Inc. increased its stake in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Jones Financial Companies Lllp increased its stake in 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 acquiring an additional 1,088 shares during the period. Versant Capital Management Inc grew its stake in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Trading Up 1.0%

HST stock traded up $0.16 during midday trading on Monday, hitting $15.92. The stock had a trading volume of 9,010,193 shares, compared to its average volume of 8,511,301. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm has a market cap of $11.04 billion, a P/E ratio of 16.08 and a beta of 1.32. The business has a fifty day moving average price of $14.48 and a two-hundred day moving average price of $16.04. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37.

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, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The business's quarterly revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.03%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is presently 83.33%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HST shares. Citigroup lowered their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Morgan Stanley lowered their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Raymond James lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company decreased their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.27.

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.