Nisa Investment Advisors LLC Sells 17,710 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nisa Investment Advisors LLC trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 244,416 shares of the company's stock after selling 17,710 shares during the quarter. Nisa Investment Advisors LLC's holdings in Host Hotels & Resorts were worth $3,525,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Norges Bank bought a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $807,878,000. Deutsche Bank AG grew its stake in shares of Host Hotels & Resorts by 184.7% in the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after buying an additional 6,326,709 shares in the last quarter. Rush Island Management LP bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at $99,402,000. Invesco Ltd. grew its stake in shares of Host Hotels & Resorts by 24.7% in the fourth 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, Northern Trust Corp grew its stake in shares of Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after buying an additional 4,158,219 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST traded down $0.06 during mid-day trading on Friday, reaching $16.52. The company had a trading volume of 7,982,531 shares, compared to its average volume of 8,808,379. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 17.21 and a beta of 1.31. The business's 50-day simple moving average is $15.55 and its 200 day simple moving average is $15.61.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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. 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 for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter last year, the business earned $0.60 earnings per share. Host Hotels & Resorts's revenue was up 8.4% on a year-over-year basis. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Finally, Wells Fargo & Company raised their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $17.96.

Host Hotels & Resorts 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.