Universal Beteiligungs und Servicegesellschaft mbH Sells 190,497 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 12.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,297,380 shares of the company's stock after selling 190,497 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.19% of Host Hotels & Resorts worth $18,436,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after buying an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Host Hotels & Resorts in the 1st quarter valued at about $1,453,000. Envestnet Asset Management Inc. lifted its position in Host Hotels & Resorts by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after purchasing an additional 6,592 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Host Hotels & Resorts by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after purchasing an additional 16,694 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Host Hotels & Resorts by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 57,318 shares of the company's stock valued at $814,000 after purchasing an additional 5,318 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 0.7%

Shares of HST stock traded up $0.12 during trading on Friday, hitting $16.55. 10,423,322 shares of the company were exchanged, compared to its average volume of 7,467,856. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 17.24 and a beta of 1.31. The business's 50-day simple moving average is $15.79 and its 200 day simple moving average is $15.54. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36.

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 the consensus estimate of $0.56 by $0.08. The business 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%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

Analyst Upgrades and Downgrades

HST has been the topic of several recent research reports. Jefferies Financial Group downgraded 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. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Finally, Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.