Knights of Columbus Asset Advisors LLC Has $2.65 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Host Hotels & Resorts by 62.7%, selling 313,763 shares, leaving them with 186,599 shares valued at approximately $2.65 million.
• Several institutional investors, including Cohen & Steers Inc. and Norges Bank, have significantly increased their positions in Host Hotels & Resorts, with institutional ownership currently at 98.52%.
• The company announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.83% and a payout ratio of 83.33%.

Knights of Columbus Asset Advisors LLC trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 62.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,599 shares of the company's stock after selling 313,763 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Host Hotels & Resorts were worth $2,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. Avantax Advisory Services Inc. acquired a new position in Host Hotels & Resorts in the 4th quarter valued at $181,000. LPL Financial LLC grew its holdings in shares of Host Hotels & Resorts by 72.3% during the 4th quarter. LPL Financial LLC now owns 133,430 shares of the company's stock worth $2,338,000 after purchasing an additional 55,971 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Host Hotels & Resorts by 4.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,604,888 shares of the company's stock worth $28,005,000 after purchasing an additional 71,588 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $649,076,000 after purchasing an additional 643,450 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in shares of Host Hotels & Resorts by 5.3% during the 4th quarter. UniSuper Management Pty Ltd now owns 308,982 shares of the company's stock worth $5,413,000 after purchasing an additional 15,600 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 0.3%

Host Hotels & Resorts stock traded down $0.05 during trading hours on Wednesday, hitting $16.24. The stock had a trading volume of 4,156,594 shares, compared to its average volume of 9,565,680. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 16.90 and a beta of 1.31. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The business's 50 day simple moving average is $15.83 and its 200-day simple moving average is $15.52.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the company earned $0.60 earnings per share. The firm's revenue was up 8.4% compared to the same quarter last year. On average, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.93%. Host Hotels & Resorts's dividend payout ratio (DPR) is 83.33%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI increased their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company increased their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $18.12.

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.