Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 80.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 116,080 shares of the company's stock after selling 467,208 shares during the period. Allspring Global Investments Holdings LLC's holdings in Host Hotels & Resorts were worth $1,676,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 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 worth $26,000 after purchasing 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 worth $28,000 after purchasing an additional 1,088 shares during the period. Versant Capital Management Inc increased 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 worth $33,000 after purchasing an additional 2,047 shares during the period. Farther Finance Advisors LLC increased its stake in Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock worth $62,000 after purchasing an additional 1,906 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Host Hotels & Resorts by 100.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,607 shares of the company's stock worth $81,000 after purchasing an additional 2,305 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HST shares. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup cut their price target on shares of 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. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Finally, Morgan Stanley lowered their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.96.

Host Hotels & Resorts Trading Down 1.2%

Shares of Host Hotels & Resorts stock opened at $16.01 on Tuesday. The company has a fifty day simple moving average of $15.39 and a 200-day simple moving average of $15.64. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 16.68 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The company's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Host Hotels & Resorts Company Profile

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.

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