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

Fulton Bank N.A. lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 47.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,883 shares of the company's stock after selling 17,918 shares during the quarter. Fulton Bank N.A.'s holdings in Host Hotels & Resorts were worth $283,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. National Pension Service purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised 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 purchasing an additional 1,088 shares in the last quarter. NBC Securities Inc. raised 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 purchasing an additional 1,852 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at $40,000. Finally, Versant Capital Management Inc raised its stake in Host Hotels & Resorts by 696.3% during the first 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 in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Up 2.5%

Shares of NASDAQ HST traded up $0.39 during mid-day trading on Friday, reaching $15.76. The company had a trading volume of 7,344,806 shares, compared to its average volume of 8,508,332. The business's 50-day moving average is $14.48 and its 200-day moving average is $16.07. 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 stock has a market cap of $10.93 billion, a price-to-earnings ratio of 15.92 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 12.26% and a return on equity of 10.37%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is 83.33%.

Analysts Set New Price Targets

HST has been the topic of a number of analyst reports. Jefferies Financial Group cut shares of 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 research report on Wednesday, April 9th. Truist Financial cut their price objective on shares of 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. Morgan Stanley cut their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Finally, Wells Fargo & Company cut their price objective on shares of 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 given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.