Allspring Global Investments Holdings LLC cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 80.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of HST. Cohen & Steers Inc. raised its position in shares of Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after buying an additional 3,932,928 shares in the last quarter. Norges Bank purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $807,878,000. JPMorgan Chase & Co. raised its position in shares of Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after buying an additional 643,450 shares in the last quarter. Invesco Ltd. raised its position in shares of Host Hotels & Resorts by 24.7% during the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after buying an additional 4,460,468 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock valued at $336,539,000 after buying an additional 350,634 shares in the last quarter. 98.52% of the stock is owned by institutional investors.
Host Hotels & Resorts Trading Down 0.4%
Shares of HST stock traded down $0.06 during mid-day trading on Friday, reaching $16.52. The stock had a trading volume of 7,982,531 shares, compared to its average volume of 8,788,761. The stock's 50-day moving average price is $15.51 and its two-hundred day moving average price is $15.64. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37. The firm has a market capitalization of $11.46 billion, a PE ratio of 17.21 and a beta of 1.31. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 4.84%. The ex-dividend date is Monday, June 30th. Host Hotels & Resorts's payout ratio is 83.33%.
Analyst Ratings Changes
Several analysts have recently weighed in on HST shares. Morgan Stanley lowered 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. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Truist Financial decreased their target price 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. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Finally, JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.96.
Check Out Our Latest Stock Analysis on HST
About Host Hotels & Resorts
(
Free Report)
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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